12/30/2023 0 Comments Israel agree link power grids via![]() Saudi Crown Prince Mohammad Bin Salman (MBS) has also been hitting up France, with talk of the possibility of exporting Saudi renewables and hydrogen to the European country, though no official deals have been signed. The potential $4-billion project could have the capacity to transport some 3,000 megawatts per day, though a feasibility study has not yet been conducted.Ī similar deal has been struck with both Cyprus and Israel, with the three countries pursuing a $900-million underwater power cable. ![]() ![]() To that end, Greece is also seeking to build an undersea cable that will link its grid to Egypt for renewable energy. With a length of about 1,500 km and a maximum depth of 2,700 metres, it will be the longest and deepest subsea electricity cable to have ever been constructed, it said. Greece’s energy mix is already 40% renewable, and the country is seeking to boost this further, while lowering costs. The cable will have a capacity of 1,000-2,000 megawatts (MW) and is expected to be completed by 2024, according to Israels energy ministry. The new company, Saudi Greek Interconnection, joins Greece’s IPTO and Saudi Arabia’s National Grid, each with a 50% stake. power grid and provides cash to needy families. The EuroAsia Interconnector is a planned HVDC interconnector between the Greek, Cypriot, and Israeli power grids via the world's longest submarine power cable, with a length of 310 kilometres (190 mi) from Israel to Cyprus and 898 kilometres (558 mi) from Cyprus to Greece for a total of 1,208 kilometres (751 mi). Israel, Cyprus and Greece signed a Memorandum of Understanding (MoU) on Monday regarding a project to link their power grids via the construction of the world’s longest and deepest undersea power cable. Saudi Arabia has signed a deal with Greece for the establishment of a jointly-owned company to link up the two countries’ power grids with the goal of supplying Europe with clean energy, Reuters reports. via the United Nations, an arrangement encouraged and approved by Israel. Cyprus, Greece and Israel on Monday signed an initial agreement to build the world's longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about 900.
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