According to the Cypriot energy minister, eventually, electricity produced in Cyprus from renewable energy sources might account for up to half of all power transported to other nations via an electricity cable connecting the east Mediterranean island nation's power grids to Israel and Greece.
According to Natasa Pilides, approximately 15% of Cyprus' electricity was generated by renewable sources in 2018, which is almost 4% more than in 2019. A roughly 3% increase in electricity produced by solar panels from 2020 to 9.2% last year contributed to that number.
In order to increase the country's 2030 objective for RES-generated electricity from the current 23%, Pilides said her ministry is working with the European Union.
Before summer, the Norwegian division of French cable manufacturer Nexans plans to start building the EuroAsia Interconnector cable. It is anticipated that the first phase, which has a 1,000 megawatt capacity, will be finished in 2026.At 1,208 kilometres (750 miles) and 3,000 metres, the cable linking Greece and Israel is said to be the longest and deepest underwater power line in the world. It will eventually have a 2,000 MW capacity (1.9 miles).
A little less than half of the cash, or about 1.6 billion euros ($1.56 billion), will come from the EU.
The only member of the 27-nation EU bloc without a connection to another member's electrical grid is Cyprus. According to government representatives, the cable's completion would bring an end to the nation's energy isolation and increase security.
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