Cooperation opportunities with Zhero on the Green Energy Corridor were discussed

Within the Green Energy Corridor: From Feasibility Study to Implementation Forum in Baku, the Minister of Energy Parviz Shahbazov met with the Managing Director of Zhero, Michele Vadora.

At the meeting, the company's possible participation in the development of the Caspian-Black Sea-Europe Green Energy Corridor, the formation of the project's commercial model, attracting electricity offtakers in Europe, and financing opportunities were discussed. Information was provided about the company's experience in large-scale energy infrastructure and international electricity connections, including the Medlink projects that will connect North Africa with Italy. The formation of a buyer portfolio for long-term electricity procurement, access to European markets, and the application of experience in cooperation with cable manufacturers to the Green Energy Corridor were presented. Zhero expressed interest in partnership for the development of the project.

During the discussions, views were exchanged on the opportunities created by the European Union's Project of Mutual Interest (PMI) status and the mechanisms for financial support for research and engineering work. The supply of green energy, which will be delivered to Central Europe, to neighboring markets, including the southern regions of Germany, and possible cooperation prospects in this regard were also reviewed.