Nexans has signed a turnkey contract valued at EUR1.43 billion (US$1.61 million) to construct a part of the EuroAsia Interconnector, which aims to link Greece, Israel, and Cyprus. As part of the initial phase of the project, Nexans will construct a 525 kV high-voltage direct current (HVDC) cable that will link Greece and Cyprus. This first section of the project, known as Pole One, is scheduled to be finished in 2028. The remaining section, which will join Israel to Cyprus and Greece, will be completed in 2029.
The cable will be positioned at depths of over 3,000 m, and once completed, the project will become one of the European Union's Projects of Common Interest (PCIs), boosting the bloc's internal energy market as a result. Greece, Cyprus, and Israel signed a memorandum of understanding in March 2021 to facilitate the implementation of subsea electricity infrastructure.
The Israeli government started a project in July 2023 to develop a submarine cable along the nation's coast, linking it to the prospective submarine transmission line planned for the Mediterranean Sea by Israel, Greece, and Cyprus.
Country updates
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July 21, 2023
EDF commissions 40 MW solar PV project in Ashalim
EDF has commissioned a 40 MW solar power project in Ashalim, a small community located in southern Israel’s Negev Desert. The facility is the fourth PV project built by the French company in the...
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June 09, 2023
Enlight to supply power to Amdocs Park in Ra'anana
Enlight Renewable Energy has entered into a 12-year corporate power purchase agreement with Amdocs to supply green energy to power the software giant’s new office campus in Israel. The agreemen...
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May 24, 2023
Crete island to host 120 MW hybrid renewable projects
The Greek island of Crete is set to host 120 MW of hybrid renewable power stations under a new initiative aimed at enhancing the country's energy security on its islands. The energy ministry is expect...
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April 18, 2023
Tender launched for 2.96 MW solar project in Aradippou
The Municipality of Aradippou has launched a tender for the development of a 2.96 MW solar photovoltaic project in Larnaca, Cyprus. The tender covers the Engineering, Procurement...
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April 12, 2023
Athens International Airport commissions 16 MW solar PV project
Athens International Airport (AIA) has announced the inauguration of a new 16 MW self-consumption photovoltaic (PV) project capable of covering almost 45% of its yearly electricity usage. The plant, t...
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