Wind energy is set to provide 75% of the electricity for the planned Greek-Egyptian GREGY Interconnector, following an agreement between the Energy Ministers of both countries during a recent meeting in Cairo.
Initially, the project aimed to harness Egypt’s abundant solar energy, known for its low production costs of around 2.5 eurocents per kWh. However, a reassessment of Egypt’s energy landscape has shifted the focus to wind energy, which benefits from wind speeds of up to 11 meters per second across vast desert areas totaling 40,000 square kilometers.
This pivot not only protects the local solar market but also ensures a consistent supply of affordable renewable energy for Greece, particularly during evening hours. The revised GREGY energy strategy addresses regional challenges, such as the lack of low-cost renewable energy during nighttime when solar generation ceases, alongside decreasing wind speeds in Romania and reduced hydropower output. This strategy aims to mitigate rising energy prices in the Balkans.
