Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 28 July 2025, Portugal announced a €400 million investment plan that, for the first time, officially included the possibility of a direct power connection with Morocco; Energy Minister Maria da Graça Carvalho confirmed very preliminary contacts with Morocco, indicated that a first meeting at her ministry between the two sides would follow, and, by ministerial order, gave REN and ONEE a mandate to develop a pre-design and construction-and-financing model or blueprint for the approximately 1 GW Portugal–Morocco HVDC interconnector.