Late Development Other

Eunice Energy Group repositioned the Greece-Africa Power (GAP) Interconnector as a feedstock for off-grid green hydrogen production rather than a pure cross-border power-trade link. General director George Pechlivanoglou, in remarks reported by Bloomberg and syndicated through Hydrogen Central on 9 October 2025, said the 2,000 MW Egypt-to-Crete cable would power manufacture of 32,000 tonnes of green hydrogen per year for Greek and European markets. He cited a structural problem with the original grid-export model: when Egypt experiences peak solar generation, the same happens in Crete and Cyprus, so neighbouring markets are also saturated with low-cost generation, undermining the economics of a project designed to export energy rather than use it locally. The pivot effectively sidesteps the IPTO concern (March 2023) that the Cretan grid could not absorb a further 2 GW interconnection. Primary offtakers identified are Greek chemical and pharmaceutical industries plus national gas networks for export to other European markets. Eunice already operates a pilot 5 MW electrolyser on Crete producing 500 tonnes of hydrogen per year. Pechlivanoglou said permitting work was in progress and the consortium was negotiating next-step partners; the company expected an EU decision on specific financing and funding mechanisms by end-2025.