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At the moment, the Caucasus nations dont produce enough renewable electricity to export it, so they would have to build at least three times more capacity. In 2016, for example, the country set a goal of sourcing 20 percent of its energy from renewables by 2020. Bulgaria wants in, as does Armenia.
The country is promoting a grand, multi-nation plan to generate renewable electricity in the Caucasus region and send it thousands of kilometers west, under the Black Sea, and into energy–hungry Europe. As ambitious as Azerbaijan’s plans sound, longer undersea connections have been proposed. is realistic.” It’s a huge budget.
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