Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
As of May 2025, S&P Global Commodity Insights' white paper "Powering the future with EU-MENA interconnections" categorised the EuroAfrica Interconnector as "Under consideration", noting that the 2,000 MW HVDC Greece-Cyprus-Egypt link, originally announced for an early-2020s commissioning, has had "no official news since 2021-22". The classification is based on ENTSO-E TYNDP 2024 and national TSO plans. This corroborates pv magazine's December 2024 finding that "multiple requests to the company behind EuroAfrica Interconnector for an update on the project have gone unanswered." The project's official site (euroafrica-interconnector.com) returns a redirect loop. While the consents and planning permits secured in 2019-2020 remain in place, no Final Investment Decision, financial close, or cable EPCI contract has been publicly reported since the September 2020 binding-bid stage. Competing routes are advancing in parallel: the Copelouzos Group's GREGY project (3 GW direct Greece-Egypt, €4.2 bn) entered the EU's 6th PCI list, and the IPTO-owned Great Sea Interconnector (formerly EuroAsia, Israel-Cyprus-Greece) is in early construction with EU CEF backing. EuroAfrica's prolonged silence amid Egypt's currency devaluation and the emergence of better-positioned competitors raises material questions about the project's near-term viability.