RES

The Greek "Copelouzos Group" participated in the event "Energy Interconnection Europe-Egypt", organized by the Permanent Representation Office of the European Union in Cairo and the Swedish Embassy under the Swedish Presidency of the Council of the EU. John Karidas, CEO of Copelouzos Group's RES business unit, presented the key benefits and opportunities that the commissioning of the Egypt-Greece GREGY electricity connection will open up for Egypt and Greece, as well as for Europe as a whole.

Owning a combination of factors necessary for the development of the green hydrogen industry, Azerbaijan is set to become a regional leader and a reliable supplier to the EU, Vladimir Rogov, Managing Director and Partner of the Boston Consulting Group (BCG), told Trend.

The new comprehensive agreement between the European Union and Azerbaijan will lay the ground for reinforced energy cooperation, notably on renewable energy, Miriam Garcia, European Commission spokesperson, told Trend.

"This agreement will play a key role in supporting the efforts of the Azerbaijani Government to diversify the economy," she said.

Implementation of the project covering transfer of green energy from Azerbaijan to Romania and Hungary through Georgia and the Black Sea continues, Azerbaijan’s Energy Minister Parviz Shahbazov said, Trend reports via the ministry.

Shahbazov made the remark within the Berlin Energy Transition Dialogue conference during a roundtable dedicated to perspectives for a future energy partnership.

Azerbaijan's offshore wind resources in the Caspian are large enough to export green electricity, as well as clean hydrogen, and article in The Telegraph said, Trend reports.

As the author of the article said, Azerbaijan is a relatively small country, however, vast offshore wind capacities in the country's Caspian Sea sector open major opportunities.

The United Nations Economic Commission for Europe (UNECE) is implementing a project to assess Turkmenistan's potential in hydrogen energy, a source in the UNECE (https://w3.unece.org/PXWeb/en ) told Trend.

The President of Egypt, Abdel Fattah El-Sisi, met with the CEO and founder of the Greek Copelouzos Group, Dimitris Copelouzos, to discuss the implementation of the Egypt-Greece electricity connection, which will improve energy connectivity and diversification in the region.

The UK is ready to share its experience in offshore wind energy deployment with Azerbaijan, Kenan Poleo, HM Trade Commissioner for Eastern Europe and Central Asia, told Trend.

“As a country with one of the largest installed capacities of offshore wind in the world and the largest pipeline of projects in Europe, we stand ready to share the UK experience of developing the industry with Azerbaijan”, he said.

The landmark Egypt-Greece Electricity Interconnection Project (GREGY), which is being developed by the Copelouzos Group company ELICA SA, was unveiled during the UN World Climate Change Conference COP 27 in Sharm el-Sheikh, Egypt.

Greece aims to become a hub for the transfer of electricity produced by renewables in Africa and the Middle East to Central and Western Europe, amid a drive by governments to cut dependence on Russian fossil fuels. The idea is that green energy corridors will replace the pipelines that cross the continent from east to west and from north to south. The new sources of green energy for Europe lie in the south and across the Mediterranean Sea, in North Africa and the Middle East, and the route to Europe runs through Greece.