Georgia, Azerbaijan, Romania and Hungary completed the feasibility-study phase of the Caspian-Black Sea-Europe Green Energy Corridor in July 2026 and moved the project into its next development stage.

The decision was announced at the 12th ministerial and steering committee meeting in Baku on 8 July.

The feasibility work covered market simulations, cost-benefit analysis, energy-system integration, route studies, conceptual design, implementation planning, procurement strategy and assessment of a possible business model.

The four countries tasked Green Energy Corridor Power Company, or GECO, with preparing a detailed roadmap for the work required before a final investment decision.

They also agreed to establish a cooperation dialogue among their national energy regulators, recognising that technical infrastructure alone will not be sufficient without compatible market and regulatory arrangements.

A joint letter was sent to EU institutions supporting the project’s implementation and inclusion in the next European list of Projects of Mutual Interest and Projects of Common Interest.

The corridor is intended to connect renewable generation and transmission infrastructure across the Caspian region, the South Caucasus and Europe. For Georgia, it reinforces the country’s proposed role as both a generator and a transit platform for regional electricity trade.

The completion of the feasibility study is a meaningful milestone, but it is not a final investment decision. The project still requires agreement on financing, commercial structure, regulation, procurement and the sequencing of its component infrastructure.

The next ministerial meeting is scheduled to take place in Romania in November 2026.

The article is based on information published by the energy ministries of Georgia and Azerbaijan.