Egypt and Greece talk more renewables investments + GREGY:Egypt’s Electricity and Renewable Energy Minister Mohamed Shaker met with Greece’s Deputy Minister of Environment and Energy Alexandra Sdoukou to widen partnerships in renewables work, a statement notes. The two parties reviewed progress of the planned 3 GW Egypt-Greece Interconnector (GREGY), which would see Egypt export its renewables surplus to mainland Greece. Infinity Power signed an agreement with Greece’s Copelouzos Group in May to carry out a feasibility study on the proposed 950-km link and as of July, both countries had not secured the EUR 4 bn initial investment required for the project. Shaker also highlighted Egypt’s potential to generate 350 GW of solar power and 650 GW from wind, the statement notes.

IN OTHER DIPLO NEWS- Morocco and Senegal explore renewables partnership: Morocco’s Energy Transition and Sustainable Development Minster Leila Benali met with Senegal’s Petroleum and Energy Minister Antoine Félix in Rabat last week to explore cooperation in renewable energy, electricity sector reform, energy efficiency, and rural electrification, MAP reports.

The kingdom has targets: Morocco plans to more than triple its earmarked budget toward renewables projects between 2023-2027 in a bid to meet its target of having 7 GW of renewable energy capacity by 2027, the IEA said earlier this month.

Senegal recently joined JETP: enegal’s renewables capacity stood at 496 MW in 2021, accounting for nearly a third of national power capacity. Last year, the country joined the Just Energy Transition Partnership (JETP), setting a target to hike renewables volumes to 40% by 2030 and receiving EUR 2.5 bn in new and additional financing under JETP over three to five years to help meet its goal.

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