EuroAsia Interconnector Limited and the Independent Power Transmission Operator (IPTO) of Greece announced they have reached an agreement for the designation of IPTO as Project Promoter of the Electricity Interconnection between Greece, Cyprus and Israel.
The project promoter's role in the flagship electricity interconnection project between Cyprus and Israel to the European electrical system facilitated through Greece involves ensuring the project's technical and financial viability and establishing the groundwork for its timely completion. Meanwhile, the Operator maintains financial stability and possesses specialized human resources. They also have plans to recruit additional highly specialized personnel necessary for the project's successful fruition.
The EuroAsia Interconnector, a multi-terminal electricity interconnection with a capacity of 2,000 MW, links the national electricity grids of Israel, Cyprus, and Greece (Crete) to Europe. Remarkably, it holds the record as the longest, stretching 890 km, and the deepest, reaching depths of up to 3,000m, High Voltage Direct Current (HVDC) interconnector globally.
Country updates
-
-
September 26, 2023
Power purchase agreement signed for 108 MW/433 MWh of solar-plus-storage capacity project
Teralight has signed a 23-year power purchase agreement (PPA) for 108 MW/433 MWh of solar-plus-storage capacity project in the Jezreel Valley, northern Israel. Teralight is...
Read more -
September 26, 2023
Tender launched for 100 MW solar project in Ashalim
The Ministry of Energy and Infrastructure has issued a tender for the construction of a new 100 MW solar PV plant near the southern village of Ashalim, Israel. The station will be...
Read more -
September 20, 2023
Construction completed for 31 MW floating PV project in Israel
Teralight has completed the largest floating PV project, deploying 31 MW of capacity on two water reservoirs in the northern part of Israel. This floating PV system spans across two water resou...
Read more -
August 15, 2023
PPC Renewables plans 98 MW BESS projects in Western Macedonia
PPC, through its subsidiary PPC Renewables, has successfully participated in the tender for the installation and operation of energy storage stations for two projects with a total capacity of 98 MW he...
Read more -
August 15, 2023
Teralight plans to build 314 MW of Israeli solar projects
Solar Tech, a subsidiary of Teralight, has announced plans to build 314 MW of new solar projects across Israel. The company revealed that the projects will be separated into two groups of sub-installa...
Read more
