Siemens Energy explores tech support for Azerbaijan's Green Energy Corridor project

Siemens Energy is exploring opportunities to provide solutions for converter substations based on high-voltage direct current (HVDC) technology within the Caspian–Black Sea–Europe Green Energy Corridor project. Company Vice President for Türkiye, Central Asia, and Western Europe Maxim Zubov announced this in a video posted on the Azerbaijani Ministry of Energy's social media accounts. He shared his views on the forum "Green Energy Corridor: From Feasibility Study to Implementation."

Zubov said the company is prepared to help establish connections with potential electricity buyers in Europe, drawing on its network of clients and partners there. He said the project supports the development of renewable energy sources, diversifies Europe's energy supply and could strengthen Azerbaijan's electricity grid.

At a forum in Baku, the project's feasibility study was presented for the first time to international investors. The study projects investments in electricity transmission infrastructure of 14.3 billion euro. The project will have a total transmission capacity of 3.9 gigawatts, built as three power lines of 1.3 GW each. Transmission to the European Union is projected to reach 8 terawatt-hours a year starting in 2032 and 20 TWh by 2040. Minister of Energy Parviz Shahbazov stressed the project's strategic importance for regional energy security.