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One of the most ambitious projects in the planning of green energy is the interconnection of Europe with Egypt via Greece to ensure cheaper clean electricity. An undersea cable is in the proposal stage, which will carry 3,000 MW of RES electricity connecting northern Egypt directly to Attica in Greece.
One of the most ambitious projects in the planning of green energy is the interconnection of Europe with Egypt via Greece to ensure cheaper clean electricity. An undersea cable is in the proposal stage, which will carry 3,000 MW of RES electricity connecting northern Egypt directly to Attica in Greece.
The project has been undertaken by the Copelouzos Group. The representatives of the company met last week with the Egyptian leadership to speed up the procedures
By bringing 3,000 MW of clean energy to Europe, via Greece, the project can help Europe wean itself off Russia’s fossil fuels and natural gas. Also, the green energy to be transported will be much cheaper than today’s energy prices. The project will help both Greek and European consumers.
The so-called “GREGY interconnection” is a 3.5-billion-euro project that has been categorized as a Project of Common Interest (PCI) by the European Union. It will carry clean electricity produced in Egypt through solar or wind parks.
One-third (of the electricity that will come from Egypt) will be consumed in Greece, and mainly in Greek industries, another one-third will be exported to neighboring European countries and one-third will be used in Greece, for the production of green hydrogen. The majority of this hydrogen will also be exported to neighboring European countries.
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Egypt has completed interconnections with Libya, Sudan, and Saudi Arabia and aspires to become a major energy hub for SE Europe too. The “GREGY interconnection” is expected to be operational in 7 to 8 years.
