The European Investment Bank (EIB) has reaffirmed its support for the Caspian–Black Sea–Europe Green Energy Corridor, while stressing that the allocation of costs, benefits and risks among participating countries must be clarified before financing decisions can be made. Violaine Silvestro Von Kameke, a division head at the EIB, outlined the bank's position during the forum Green Energy Corridor: From Feasibility Study to Implementation, held in Baku. Her remarks were published in a video shared by Azerbaijan's Ministry of Energy.
"As the European Investment Bank, we are pleased to participate in this conference, which provides an opportunity to review the progress made in the project's preparation. We actively support the project. We anticipate that concrete decisions will be reached in the near future based on the results of the feasibility study, followed by a transition to the financing phase," she stated.
The EIB representative said the bank attaches particular importance to initiatives promoting renewable energy, regional integration and the wider use of clean electricity. Such projects, she explained, could also contribute to more affordable electricity prices across the European Union. However, she emphasised that further information would be necessary to evaluate the project's financing prospects.
"We need to obtain more detailed information regarding all the countries that will participate in such a large-scale project. At the same time, it is essential to clarify how costs, benefits, and risks will be shared among the participating parties," she said. Von Kameke also expressed interest in receiving additional information about the corridor's technical design, implementation requirements and engineering specifications.
The forum in Baku brought together international investors, financial institutions and business representatives to review the results of the corridor's feasibility study and discuss its transition towards implementation. According to the study, completed in July 2026 and approved by Azerbaijan, Georgia, Romania and Hungary, approximately €14.3 billion will be required to develop the electricity transmission infrastructure. The proposed corridor is designed to provide a total transmission capacity of 3.9 gigawatts (GW) through three power lines, each capable of transmitting 1.3 GW.
The study estimates the project's internal rate of return at 11.7%, while forecasting that the infrastructure could deliver 8 terawatt-hours (TWh) of renewable electricity annually to the European Union from 2032. By 2040, annual transmission volumes are projected to reach 20 TWh. The feasibility study also anticipates revenues exceeding €315 million annually from managing transmission constraints within the electricity system, beginning in 2032.
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