11/29/2023 0 Comments Greece agree to link power grids![]() ![]() Project: The Interconnection of the Cyclades with the Continental Interconnected High Voltage SystemĪuthor: Theodore Karaoulanis (euractiv. Greece’s minister of the environment and energy Kostas Skrekas and Egypt’s minister of electricity and renewable energy Mohamed Shaker El-Markabi yesterday signed an MoU aiming to link the two countries’ electricity systems via a new subsea power line. It aims to ensure a reliable and cost-effective power supply to the islands for between 30 to 40 years. The project, which is ahead of schedule and currently in its third and final phase, is due for completion in 2024. The ERDF is providing EUR 276 million (35 %) of the EUR 782.4 million total budget. In addition, the islands will be able to receive green energy from the mainland and feed their own green energy back into the grid. Since no overhead transmission lines are required, the natural beauty of the islands will be preserved. This will reduce pollution from fuel-oil-based power generation. The islands of Syros, Paros, Mykonos, Andros, Tinos, Naxos, Santorini, Milos, Folegandros and Serifos will be connected to the mainland network by an undersea cable. This will reduce pollution and enable greater use of electricity from renewable sources. You can access the RAE’s documentation relating to the announcement here, in Greek.Ten islands in the Cyclades will be connected to mainland Greece’s power grid in a multi-million-euro ERDF-funded project. Cyprus, Greece, and Israel today signed an initial agreement to build the worlds longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about 900. Swathes of projects totalling 600MW of battery storage were recently approved by the RAE as companies prepare to submit project proposals, covered by Energy-Storage.news. This means a total of 1GW to be procured through the programme. Israel, Greece and Cyprus will be linked by an undersea cable in an effort to provide backup electrical power to the three countries. Subsequently, according to the Greek National Energy and Climate Plan (NECP), the RES share in GFC of energy must reach at least 35 by 2030 and the RES share. There will be two more rounds of 300MW each this year, with the next one including any capacity which is not won in the current process. Winning projects will need to come online by the end of 2025. Final evaluation results will be announced a week later, on 10 August. Projects have until 10 July – in three weeks’ time – to be proposed, with a shortlist of potential winning projects communicated a month later on 3 August. This would most likely mean things like compressed air energy storage (CAES) would be excluded as well as most flow battery technologies which generally have at the very most an RTE of 80%. Some conditions, such as a minimum round-trip efficiency (RTE) of 80%, were included. No technologies were specified, but lithium-ion batteries are the market standard for the vast majority of new energy storage projects today. Cyprus, Greece and Israel on Monday signed an initial agreement to build the. Projects in this round will be eligible for grants of up to €200,000 (US$218,000) per MW of installed power. gypt can establish renewable energy projects of up to 90,000 megawatts. Greece has an overall energy storage deployment goal of 3GW by 2030 to facilitate a 70% renewable energy target. Greece is part of a handful of countries that have used the money to fund energy storage, alongside Romania, Finland, Croatia, Estonia and, as reported last week, Slovenia. It is the first round of a state-led procurement programme that will see 900MW-1GW of projects funded with grants, with funding coming in large part from EU-wide clean energy-focused schemes. ![]()
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