Funding announced for 600 MW interconnector project 

The European Commission has allocated EUR308 million (US$326.83 million) for the 600 MW ELMED transmission project between Italy and Tunisia.

The project will be developed by Terna and STEG and will include a subsea high-voltage cable with a maximum depth of 800 m and a length of 200 km. The link, which will require a total expenditure of approximately EUR850 million (US$902.6 million), is anticipated to enhance energy security, promote the integration of the European and African electricity markets, and boost renewable electricity output in Europe.

The grant given to the ELMED interconnector project is part of a EUR600 million (US$637.3 million) package for energy infrastructure to support the European Green Deal and REPowerEU.