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Energy

Four governments approve the Black Sea cable study and GECO puts the cost at €22.1 billion

The feasibility study for the Caspian to Black Sea to Europe green energy corridor is complete and approved by the governments of Azerbaijan, Georgia, Romania and Hungary, the project company GECO said in an investment presentation reported by APA on Saturday. The company puts total investment at about €22.1 billion and plans three high-voltage direct current lines of 1.3 gigawatts each, the first in 2032.

By CAW Staff26 October 2026
The cut face of a thick submarine power cable shows concentric layers of copper, slate blue insulation and steel armour, with one amber fibre inside.

GECO, the Green Energy Corridor Power Company, estimates total investment in the corridor at about €22.1 billion, APA-Economics reported on 24 October from the company’s investment presentation. Of that total, €14.3 billion, or 64.7 percent, is for transmission infrastructure. The project now moves to the development stage, and the presentation sets out a roadmap to a final investment decision.

Three high-voltage direct current lines of 1.3 gigawatts each are planned, built in phases. The first is to enter service in 2032, the second in 2036 and the third in 2040, and GECO invites potential investors and partners to express interest in the project.

Of that total, €14.3 billion, or 64.7 percent, is for transmission infrastructure.

The corridor is to carry renewable power from the Caspian region to Europe and to link Azerbaijan, Georgia, Romania and Hungary. The feasibility study, APA reported, has been approved by all four governments.

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