Egypt-Greece energy corridor progressing
The "GREGY" project, a power interconnection between Egypt and Greece, aims to develop a strategic energy corridor for transmitting clean electricity from Egypt to Europe. It involves dedicating a vast area estimated at 3,200 square kilometers to establish wind farms and a massive solar energy grid, producing approximately 8.5 gigawatts of renewable energy. The project includes an over 900-kilometer submarine cable using high-voltage direct current (HVDC) technology. It is the largest renewable energy project in Egypt and holds significant geopolitical importance, as it connects Africa directly to the European Union without relying on Turkey. Additionally, it enhances Greece's position as a hub for energy reception and distribution. Expected to offer geographical, strategic, and economic benefits, the project plays a crucial role within Europe's energy and climate change strategy, with an estimated cost of around 13 billion euros.
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