New push for Euro-connection from Egypt

From the newsletter

Even with the UK exiting an ambitious Moroccan subsea power scheme this year, North Africa keeps pushing its potential for exporting electricity to Europe. Egypt and Greece have agreed to fund studies for a 3,000 MW subsea cable called the GREGY inter-connector. The link would export renewable electricity from North Africa to Europe via Greece.

• Access to electricity is near-universal in North Africa, providing a stable foundation for industrial-scale exports. Meanwhile, Europe is in an energy crunch and hence willing to invest in African grids. 

• The Greek link joins others, such as the ELMED inter-connector in Tunisia, a $538 million contract for a 220 km cable to Italy’s Sicily with a 600 MW capacity, which recently entered construction.

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