Sep 23, 2024, 12:30 PM
Sep 23, 2024, 12:30 PM

Nine EU Nations Unite to Transform Mediterranean into Green Energy Hub

Highlights
  • Energy ministers from nine southern EU nations met in Larnaca, Cyprus, to discuss renewable energy initiatives.
  • They aim to harness offshore wind and solar energy while reducing bureaucratic barriers to attract investment.
  • The collaboration seeks to position the Mediterranean as a leader in the energy transition, addressing climate change vulnerabilities.
Story

On Monday, energy ministers from nine southern EU nations convened in Larnaca, Cyprus, to discuss transforming the Mediterranean into a renewable energy hub. The countries involved include Cyprus, Slovenia, Malta, Croatia, Greece, Italy, France, Portugal, and Spain. They aim to harness offshore wind and solar energy while minimizing bureaucratic hurdles to attract investment. A joint statement emphasized the need for a comprehensive study by the European Commission to assess the region's renewable energy potential, which will guide future projects. The Mediterranean region faces significant climate change risks, making the transition to green energy crucial. Cyprus's energy minister highlighted the scarcity of land for renewable projects, prompting a focus on offshore platforms. Some nations have already initiated pilot projects for offshore wind energy, and the results will inform the development of similar facilities in other MED9 countries. Additionally, there are plans to explore wave-generated energy and floating photovoltaic units, leveraging the region's abundant sunlight. Spain's Energy Agency Director-General underscored the importance of Mediterranean countries leading the energy transition due to their vulnerability to climate impacts. A major challenge remains in integrating offshore energy generation with existing onshore power grids to facilitate energy transmission across borders. Greece's ambassador noted the Aegean Sea's high wind power capacity and the potential for collaboration among nations. Italy's ambassador emphasized that affordable green energy could serve as a catalyst for peace, highlighting the broader implications of this energy initiative. The MED9 countries are committed to working together to achieve their renewable energy goals, fostering cooperation and sharing best practices in the process.

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