Home Energy system This 1,373 km long submarine cable will bring ‘green energy’ from Egypt to the European power grid

This 1,373 km long submarine cable will bring ‘green energy’ from Egypt to the European power grid

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Greece is embarking on one of the most ambitious energy projects in Europe by connecting its electricity network to egypt.

An undersea cable will carry 3,000 MW of electricity – enough to power up to 450,000 homes – and link northern Egypt directly to Attica in Greece.

The project is led by the Copelouzos group, whose management met with Egyptian leaders last week to speed up the process.

Why is Europe looking elsewhere for cheap green energy?

As oil and gas prices rise, Europe faces a threat energy crisis. Russia was the bloc’s largest oil and gas supplier in 2021, supplying around 40% of its total energy needs.

But, after the invasion of Ukraine and the imposition of sanctions, energy price have increased, leaving some nations unsure of their supplies this winter.

“By bringing 3,000 MW of clean energy to Europe via Greece, we are helping Europe wean itself off Russian fossil fuels and natural gas,” says Ioannis Karydas, CEO of Copelouzos Group.

“In addition, the green energy we will transport will be much cheaper than today’s energy prices. You understand that this will help Greek and European consumers.”

The “GREGY Interconnector” is expected to cost €3.5 billion – it has been labeled a Project of Common Interest (PCI) by the European Union. This means that it is identified as a key priority for the interconnection of the infrastructures of the energy system of the European Union.

It will transport clean electricity generated in Egypt and other African countries via submarine cables via wind and solar parks. The total length of the project is an incredible 1373 km.

How will energy be used in Europe?

“About a third will be consumed in Greece, and mainly in Greek industries, another third will be exported to neighboring European countries and the rest will be used for the production of green hydrogen“, says Karydas.

“The majority of this hydrogen will also be exported to neighboring European countries.”

Egypt has already completed interconnection projects with Libya, Sudan and Saudi Arabia and aspires to become a major energy hub for southeastern Europe. The project is expected to be completed in 7 to 8 years.

Watch the video above to see how Egypt plans to bring green energy to Europe.