Nexans has signed a contract to build a submarine transmission line as the first phase of the EuroAsia Interconnector, which will connect Greece, Israel, and Cyprus.
The European Investment Bank has agreed to provide €400 million ($406.5 million) in funds for the €2.8 billion project. Construction on the infrastructure should begin by the end of this year.
Another round of the so-called “cap and floor” regime is expected to be held next year and will help the U.K. reach a total electricity interconnection capacity of 16 GW by 2030. The new interconnectors will likely be intended to harness large amounts of power from big offshore wind farm clusters in the North Sea.
The Antípodas project was announced by the Chilean government last week. It is aimed at taking advantage of the huge solar potential of the Atacama Desert, which is the world’s region with the highest solar radiation.
In an interview with pv magazine, Indra Overland, the head of the Center for Energy Research at the Norwegian Institute for International Affairs, explains how long-distance electricity and hydrogen transport differs from that of fossil fuels. He says strong Europe-North Africa connections could prove the viability of cables to connect continents, and notes that integration between countries and regions will increase.
New research from Singapore has found that gas pipelines for the onshore transport of green hydrogen and the cables for the transport of electricity to produce it at a distant location have similar costs at a 4000 km transmission distance. For longer distances, gas pipelines were found to be cheaper than cables, although the electric lines are said to benefit from scaling up and higher utilization. For both options, however, a currently too high hydrogen LCOE remains the biggest barrier to overcome.
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