Utilizing Israel’s vast amounts of renewable energy will help reduce the EU’s dependence on Russia, European Commission President Ursula von der Leyen said during a visit to Israel.
Stressing the importance of Cyprus and Greece in securing energy supply, Ms von der Leyen added that this would be achieved through the EU-co-financed EuroAsia Interconnector and a gas-hydrogen pipeline in the eastern Mediterranean.
During an honorary doctorate ceremony at Ben Gurion University in the Negev on Tuesday, the president of the European Commission said “we are now exploring ways to strengthen our energy cooperation with Israel”.
“We have two major projects under preparation: the longest and deepest submarine power cable in the world, which connects Israel with Cyprus and Greece.
“Over time, the power supply through the cable will be from renewable energy sources. That is where the investment should be focused.”
In January, the European Union approved a € 657 million grant to build a 2,000-megawatt EuroAsia Interconnector submarine cable to connect the electricity grids of Israel, Cyprus and Greece, using non-European capital. “.
The EuroAsia Interconnector is a Project of Common Interest (PCI 3.10) and has been on the Union’s CSR infrastructure list since 2013.
Ms von der Leyen said Israel had “plenty of natural resources to produce renewable energy”.
“And the second project is a pipeline of natural gas and clean hydrogen in the Eastern Mediterranean.
“This is an investment in the energy security of both Europe and Israel. And this infrastructure will also help to rid our energy mix of carbon emissions.
“It’s a great example of how democracies unite not only in times of conflict, but also to fight this huge enemy called climate change.
“This is the great crisis that is looming,” said Mrs von der Leyen.
“We need to mobilize all our knowledge, our expertise and our entrepreneurial spirit to bring in innovative technologies, to work to fight climate change. To make this world a better place and to give our children a planet to live on. there are still seasons, a spring, a summer, an autumn and a winter “.
Source: Capital
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