2021-03-10 11:35:00
GREECE, CYPRUS, ISRAEL INTERCONNECTOR $900 MLN
ENERDATA - 9 Mar 2021 - Greece, Cyprus and Israel have signed a Memorandum of Understanding (MoU) to build the Euro-Asia Interconnector, a 1,000-2,000 MW subsea HVDC line between the three countries. The US$900m (€760m) project, with a length of about 1,500 km and a maximum depth of 2,700 metres, should be completed by 2024.
In April 2020, EuroAfrica Interconnector initiated a €650m tender for the EPC of a 1 GW subsea HVDC line between Egypt, Cyprus, and Greece (Crete and Attica). Phase 1 of the project is expected to cost €2.5bn. The interconnection between Egypt and Cyprus should be commissioned in December 2022, while the Cyprus-Crete link would be operational in December 2023.
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Earlier:
2021, March, 3, 12:30:00
RENEWABLES FOR EUROPE +14.7 GW
Europe is seen to install 105 GW of new wind over the next five years, adding to the 220 GW it has now.
2021, March, 3, 12:25:00
BRITAIN'S POWER TRANSMISSION INVESTMENT €11.6 BLN
The company will invest around £10bn (€11.6bn) in its power transmission network by 2026.
2021, March, 3, 12:20:00
SPAIN RENEWABLES ELECTRICITY 59%
The share of renewables in the total daily power production stayed above 50% throughout the month and twice reached 68.4%,
2021, March, 2, 12:10:00
TEXAS ENERGY SHORTFALL $2.5 BLN
That brings the total shortfall to nearly $2.5 billion, according to a market notice.
2021, February, 15, 13:30:00
FOUR ENERGY TRENDS 2021
Based on assessments of energy venture capital deal flow, market analyses, and conversations with industry insiders, below are four indisputable utility sector trends -- regardless of whether the 2020 craziness repeats itself -- and the emerging, venture-backed technologies on the market to support the energy transition in 2021.
2021, January, 21, 14:25:00
CHINA ELECTRICITY CONSUMPTION UP
China electricity consumption rose by 3.1% in 2020
2021, January, 15, 11:20:00
ENERGY LANDSCAPE IS CHANGING
Assuming human behavior holds steady, a big transition to electricity will send demand skyrocketing. Making matters worse, this will all be happening as we transition away from easily scaled fossil fuel sources to more finicky renewables.
