Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 17 May 2023, Copelouzos Group, through its subsidiaries DAMCO ENERGY and ELICA Mediterranean Interconnection, and Infinity Power, a joint venture between Masdar and Egypt’s Infinity, signed a Memorandum of Understanding to jointly develop around 9.5 GW of renewable energy projects in Egypt to supply green electricity to the GREGY subsea interconnector from Egypt to Greece and onwards to Europe.