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Greece and Italy propose a 1.85 billion euro underwater power cable to boost EU energy exchange.
Greece and Italy are proposing a new power link called GR.ITA II, aiming to increase electricity exchange capacity from 500 MW to 1,500 MW.
The project, potentially valued at 1.85 billion euros, involves a 240 km submarine cable and 55 km of underground cables, using HVDC technology.
If approved by the EU as a Project of Common Interest, it could enhance energy security and integrate European electricity markets, with potential for EU funding and streamlined permitting.
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Grecia e Italia proponen un cable de energía subacuática de 1.850 millones de euros para impulsar el intercambio energético de la UE.