Green Energy Corridor investments estimated at 22.1 billion euros

Total investments in the Green Energy Corridor (Caspian-Black Sea-Europe Green Energy Corridor) project, which envisages the supply of renewable energy from the Caspian region to Europe, are estimated at approximately 22.1 billion euros. The Green Energy Corridor Power Company (GECO) announced the figure. The information was reported by APA-Economics.

According to the statement, 14.3 billion euros of the total investments will be required for the construction of transmission infrastructure. This accounts for approximately 64.7% of the investments envisaged under the project.

The figures set out both the overall cost estimate for the project and the share of transmission infrastructure within it.