Bulgaria confirms commitment to export green energy from Azerbaijan to Europe

Bulgaria’s Energy Minister on Monday confirmed his country’s commitment to playing an important role in the project of exporting green energy from Azerbaijan to Europe, News.Az reports.

“Another area with significant potential for cooperation is the development of renewable energy sources,” said Minister Vladimir Malinov at the 6th meeting of the Azerbaijan-Bulgaria Intergovernmental Commission for Economic Cooperation in Baku.

“I am pleased to inform you that last week the Council of Ministers of the Republic of Bulgaria approved the participation of the country through the Bulgarian Energy Holding EAD and/or companies from the holding group in the Joint Venture for the implementation of the Green Energy Corridor project,” he noted.

“Bulgaria will play a fundamental role in the project thanks to its developed electricity transmission system, high-capacity interconnections with neighboring countries, developed electricity market, renewable energy investment opportunities, infrastructure and projects, as well as the growing demand for green energy.

There are a number of areas of common interest between Bulgaria and Azerbaijan. I am convinced that the 6th meeting of the intergovernmental commission will be an additional incentive to implement joint initiatives,” the minister added.

News.Az