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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. Floating mines used in the ongoing Ukraine war already pose a risk to ships in those waters. Both of these efforts would take a massive, not-yet-secured financial investment.
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. Masdar , the renewable-energy developer of the United Arab Emirates government, has been investing heavily in wind power in the country.
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