Bulgarian Energy Minister Vladimir Malinov has reaffirmed the country’s commitment to joining the “Green Energy Corridor”, a regional project aimed at constructing a subsea interconnector to transport clean electricity from the South Caucasus to Europe via the Black Sea. The initiative, which involves Azerbaijan, Georgia, Romania and Hungary, was formalized in September with the creation of the Green Energy Corridor Power Company joint venture.
Malinov confirmed Bulgaria’s intent to join the project during a meeting with energy ministers from the participating countries on the sidelines of the COP29 climate summit in Azerbaijan. The existing partners welcomed Bulgaria’s interest and expressed their readiness to begin the process of incorporating the new member into the initiative.
The Bulgarian minister emphasized the importance of security, cooperation, and proper financing for the successful development of green energy corridors between nations. He reiterated that Bulgaria has supported the Green Energy Corridor from its inception, viewing it as a critical step in strengthening both regional and national energy security.
In early September, power grid operators from Romania, Georgia, Azerbaijan, and Hungary—namely Transelectrica, Georgian State Electrosystem, AzerEnerji, and MVM—signed a joint venture agreement after a feasibility study confirmed that the Black Sea subsea cable project is both technically and economically viable. The project envisions a high-voltage direct current (HVDC) underwater cable connecting Romania to Georgia via the Black Sea, with further extensions to Hungary and Azerbaijan. According to Transelectrica, this new interconnector will enhance the transmission of renewable energy between these nations, contributing to a more integrated and sustainable energy system in the region.
