An underwater electric cable will be laid in the Black Sea

Romania, Hungary, Georgia and Azerbaijan are launching a project to lay a power transmission line along the bottom of the Black Sea.

The four countries on Tuesday launched a joint venture to install a power line in the Black Sea, AP reported.

The project aims to increase the supply of renewable energy to the European Union from the Eastern Caucasus.

The initiative, approved by the leaders of the four countries in 2022, gained momentum after the start of Russia’s full-scale war in Ukraine. The war has highlighted the EU’s dependence on Russian energy sources, as their prices have skyrocketed. Since then, the 27-nation bloc has sought to divest itself of Russian energy.

The cable will connect Azerbaijan, which is believed to have significant potential for generating electricity from Caspian wind farms, with EU members Romania and Hungary via Georgia.

Ministers from the governments of the four countries launched the joint venture at a September 3 meeting in Romania, saying the project will help strengthen energy security and lower electricity prices for consumers.

Previously, USM reported that NATO will finance a project that will protect the Internet in case of attacks on underwater cables.