Projects

Green Aegean Interconnector

Report:
Year registered: 2024
Type:
Energy
Status:Registered
3SI countries proposing the project:

Greece

Participating 3SI countries:

Austria, Greece, Slovenia

Partner countries:

Germany

* not part of the 3Seas Initiative
Main objectives:

The Green Aegean Interconnector (GAI) aims to enhance the energy infrastructure and decarbonization in Europe. The interconnection between Greece and Germany will allow for the full exploitation of the seasonal complementarity between solar and wind output, linking the windy north with the sunny south, thus allocating cost-optimal renewable energy and ensuring the security of supply across the European continent.

Short description:

The Green Aegean Interconnector (GAI) is a vertical power transmission corridor that aims to transfer large amounts of excess renewable energy from Greece to Central Europe’s industrial centers. By connecting Greece with the electrical system of Central Europe in Germany, GAI will, first and foremost, allow Greece to tap into its huge RES potential, including its vast offshore wind in the Aegean Sea, and transform into a net exporter of green electricity. At the same time, GAI will allow Greece to become a hub and entry point of clean electricity produced in North Africa and the Middle and transferred to Europe. This way GAI will ensure Europe’s energy resilience and security of supply.

Calendar of implementation:
  • 2024
    Planning

    Under consideration, included in the ENTSO-E TYNDP 2024.

    The new HVDC VSC link will interconnect the Greece and Germany with underground and submarine cables in a total distance of approximately 1,400km. Stage 1 of the project features a 3GW estimated capacity, with investments totaling 8.1B€.

Budget:
€8.1B0%
secured
Financing sources:
To be determined