Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Elica, the Copelouzos Group subsidiary promoting the GREGY interconnector, secured a 1,000 km² land concession in Egypt for wind and solar parks with a total planned capacity of 9 GW to supply the 954 km subsea cable linking Egypt and Greece. The agreement, reached with Egyptian authorities following high-level meetings in Cairo, places the parks near Sidi Barrani on Egypt’s Mediterranean coast close to the planned converter station, ensuring strong wind resources and proximity to the cable’s landing point.