North Africa's abundant solar and wind resources could supply up to 24 GW of clean energy to Europe via subsea interconnectors, accelerating the continent's transition to a greener power sector.
Europe ’s transition to a greener power sector is gaining speed, with North Africa set to be a key enabler of this process. New capacity additions from solar and wind, weaker power demand and a partial comeback of hydropower and nuclear energy have seen Europe ’s power mix turn increasingly green in the recent years.
With installed capacity of more than 8 GW from both solar and onshore wind, North Africa presents a compelling case for renewable energy, particularly as the levelized cost of electricity LCOE of these technologies has decreased significantly, from $55-70 per megawatt-hour MWh to below $50 per MWh over the last decade. Furthermore, the region is home to some of the largest PV installations globally, including Egypt’s Benban solar complex, which is the largest solar project in Africa.
Europe Renewable Energy Solar Power Wind Power Interconnectors Clean Energy Transition Green Power Energy Trade Subsea Cables
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