Overview
GREGY concerns the development of a new green energy highway within the Mediterranean Basin, by interconnecting Egypt and Greece known as GREGY project.
GREGY aims to interconnect Egypt and Greek mainland with a HVDC submarine cable of about 954 km in length, together with the necessary interconnection infrastructure at the two countries. GREGY will supply renewable power on a permanent basis (8760 h) not exceeding the capacity of 3000MW. GREGY has a bi-directional capability.
GREGY will allow 100% Renewable Energy System (RES) energy exports, contractually ensured by bespoke Power Purchasing Agreements, from Egypt to Greece and Europe, at times of high-RES generation, contributing to a significant increase of RES participation in the energy mix and reduction of CO2 emissions of the power sector.
GREGY will allow RES electricity exchanges of high volumes up to 3,000 MW/h from Egypt to Greece and from Greece to Europe, supporting European Green Deal, Clean Industrial Deal, Action Plan for Affordable Energy and Energy Union strategy, as well as Egypt's strategy for climate neutral energy system.
Additionally, analytical simulation results, and relevant calculations per year, and simulation scenario show that the GREGY interconnection increases the cross-border grid transfer capacity on both borders (Greece-Italy and Greece-Bulgaria) by at least 602 MW/h up to 1081 MW/h in all scenarios and years of the study period, as compared to the situation without commissioning of the project.
