Egypt's 3 GW submarine cable will fuel Southern Europe and become an alternative to gas

Egypt's 3 GW submarine cable will fuel Southern Europe and become an alternative to gas

A third of the energy supply will be provided by the heavy industry in Greece, another third will be exported through common networks to other European countries, Bulgaria and Italy, and the last third will be for the production of green hydrogen.

"As we deliver 3 GW of clean energy to Europe through Greece, we will help Europe to abandon Russian fossil fuels and natural gas, and the green energy we will transport will be much cheaper than today's energy prices, which will help both Greek and European consumers," said Johnnys Karidas, CEO of Renewables Copelousos Group.

These large-scale de-carbonization efforts have been undertaken previously in the framework of the Moroccan-British Energy Project XLinks, where a similar submarine cable runs from Morocco to Devon, Great Britain, with a total length of 3,700 km and a capacity of 10 GW.

Solar fields in Egypt are now becoming the largest renewable energy exporters in South-Eastern Europe, together with Libya and the Sudan.