The governments of Egypt and Greece have signed a Memorandum of Understanding (MoU) to advance the development of a high-voltage direct current (HVDC) interconnector, a transformative energy project that will link the two nations through undersea power cables beneath the Mediterranean Sea.
The agreement, signed in Cairo, marks a significant step toward strengthening regional energy cooperation and enabling the transfer of surplus renewable electricity generated in Egypt to Greece and the broader European grid.
Under the MoU, the two countries will collaborate on technical, regulatory, and investment frameworks required to implement the project, which is expected to enhance energy security and promote clean energy integration across both regions.
Egypt, which has rapidly expanded its solar and wind power capacity, aims to export its excess renewable generation to Europe, contributing to the continent’s transition toward sustainable and diversified energy sources.
Greece, on the other hand, views the interconnector as a key infrastructure initiative that will stabilize its power system, reduce reliance on fossil fuels, and support EU climate objectives.
Energy ministers from both countries highlighted the MoU as a milestone in bilateral cooperation, emphasizing its potential to transform the Mediterranean into a hub for renewable electricity exchange.
The proposed HVDC link is also expected to stimulate investment, create jobs, and foster technological innovation in both nations’ energy sectors.
This partnership positions Egypt and Greece at the forefront of cross-border green energy trade, paving the way for a more resilient and sustainable regional power network.