The Black Sea strategic submarine electricity cable between Georgia and the European Union will be a “window of new opportunities”, which will turn the country into an electricity hub and improve the internal energy market, the European Commission President Ursula von der Leyen said on Saturday at the signing ceremony of the Agreement on Strategic Partnership in the field of Green Energy Development and Transmission between Azerbaijan, Georgia, Romania and Hungary.
Ursula von der Leyen said the EU had an opportunity to financially support projects serving “common interests” and it was “ready” to support this project as part of it, adding the Agreement would bring the EU closer to its partners in the South Caucasus region.
The President von der Leyen noted the Black Sea electric cable has been a new transmission route "full of opportunities" and could integrate Georgia to the EU electricity market, as well as bring electricity to the Western Balkans, Moldova and of course Ukraine.
The Black Sea electric cable is a new transmission route full of opportunities.— Ursula von der Leyen (@vonderleyen) December 17, 2022
It could integrate Georgia to our electricity market and bring electricity to our neighbours in the Western Balkans, Moldova and of course Ukraine.
Let’s work together to make it real. pic.twitter.com/rDRYDIHYJL
She emphasised the EU was able to reduce the use of Russian resources, stressing it was not a new geopolitical energy security path but it was a basis for future initiatives to obtain clean, affordable energy resources.