![]() To meet its target of generating 30% of electricity from renewable sources by 2030, Israel plans to allocate additional land for solar power facilities. The national plan for energy and infrastructure, set to be unveiled in the coming weeks, aims to improve electricity system reliability, accelerate renewable energy deployment, and foster connections with Europe, Egypt, Jordan, and the Gulf states.Īs Israel grapples with power outages during recent heatwaves and works toward energy security and independence, the need for reliable and sustainable energy sources becomes increasingly urgent. Energy and Infrastructure Minister Israel Katz sees the cable as a crucial step toward establishing Israel as an energy powerhouse, bridging East and West and enhancing regional stability. This interconnectivity would offer backup options for Israel's local grid during power shortages and enable the export of green electricity from Israel. The project also presents the opportunity to link Israel's electricity network to European power grids through Cyprus and Greece, while exploring connections to Gulf countries via Jordan and Egypt. The cable will primarily transmit renewable solar energy generated in the south to fulfill the electricity needs of cities in the center and north of the country. The proposed 150-kilometer (93-mile) underwater cable project will stretch along Israel's Mediterranean coast from Ashkelon in the south to Haifa in the north, aiming to meet the increasing energy demands in the central and northern regions. Coming up with the remainder should not be difficult because several investment funds have expressed interest in contributing financing, Papanastasiou said.Israel has unveiled plans to construct a subsea electricity cable that will connect the country's power grids to those in Europe and the Gulf states. The European Union has earmarked around 800 million euros ($863 million) for the project. The government says the connected power grids would mean cheaper and cleaner energy for Cyprus and help to ensure the island nation’s energy security. Papanastasiou said the Cyprus government is expected to make a decision by the end of January on funding the project with a 100 million-euro capital investment ($108 million). Greece’s Independent Power Transmission Operator recently took over management of the project, which Manousakis called “of strategic significance.” The overall length of the 2000MW cable from Greece to Israel would be 750 miles. ![]() GREECE TO INVESTIGATE HANDLING OF MASS-CASUALTY MIGRANT BOAT WRECK “We hope that hostilities end so we can pick up consultations where we left them off,” he said. Technical talks on moving ahead with the Cyprus-Israel section are on hiatus because of the ongoing Israel-Hamas war, according to Papanastasiou. The Crete-Cyprus section of the Mediterranean Sea cable should be ready by 2029 at the latest, Cyprus Energy Minister George Papanastasiou said. GREECE’S LEFT-WING OPPOSITION PARTY SLIPS INTO CRISIS AS LAWMAKERS QUIT IN DEFIANCE OF NEW LEADER Manousos Manousakis, president and chief executive officer of Greece’s Independent Power Transmission Operator, told reporters that contracts also are expected to be signed with technology company Siemens next year for the construction of converter stations on the Greek island of Crete and in Cyprus that are key to the flow of electricity through the cable. Construction of a 1.9 billion-euro ($2.05 billion) section of an electricity cable that will connect the power grids of Greece and Cyprus is slated to begin in the new year, officials said Thursday.Īn eventual extension of the renamed Great Sea Interconnector is planned to connect Israel’s power grid as well.
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