On July 27th, Terna, the Italian TSO (Transmission System Operator), presented the results of a public consultation on a landmark project: an underground and undersea electricity cable connecting Italy and Tunisia. This Project of Common Interest (PCI) has the potential to transform Sicily into a strategic energy hub for Europe and North Africa.
Key Benefits of the Italy-Tunisia Electricity Connection
Supporting Renewables Integration: The cable will facilitate the exchange of renewable energy resources between Europe and Africa. This allows surplus renewable energy from Sicily to be exported to Tunisia, and vice versa, depending on seasonal variations and production needs.
Enhanced Sustainability: Increased reliance on clean energy sources will contribute to the sustainability goals of both Italy and the broader European electricity market.
Sicily as a Strategic Energy Hub: The project positions Sicily as a crucial player in managing energy flows across the Mediterranean Sea.
Tunisia’s Growing Energy Demand and Renewable Potential
The International Renewable Energy Agency’s (IRENA) recent report highlights Tunisia’s growing energy demand and its significant potential for renewable energy development:
- Rising Energy Deficit: Tunisia faces a growing energy deficit due to increasing consumption and declining domestic hydrocarbon production.
- Promising Renewable Resources: The report emphasizes the vast potential for solar energy development in Tunisia, offering a long-term solution for their energy needs.
- IRENA’s Recommendations: The report outlines eight key actions for Tunisia to accelerate its transition towards renewable energy sources.
A Win-Win Situation for Italy and Tunisia
While the initial focus may be on Italy exporting electricity to Tunisia in the short term, the long-term outlook offers a mutually beneficial scenario:
- Short-Term Opportunity for Italy: Italy can capitalize on its existing renewable energy capacity by supplying electricity to Tunisia.
- Long-Term Renewable Energy Imports for Italy: In the future, as Tunisia develops its renewable energy potential, Italy could import clean electricity from North Africa.
Looking Ahead:
The Italy-Tunisia electricity connection represents a significant step towards a more secure, sustainable, and interconnected energy future for both countries. By fostering collaboration and leveraging their respective strengths, Italy and Tunisia can position themselves as leaders in the transition to a clean energy future for the Mediterranean region.
Empowering Renewable Energy Developers with Green Dealflow
If you feel tired of the lengthy process of finding investors for your renewable energy projects, we’ve got a solution. Our specialized service matches you with professional investors and off-takers swiftly. With over a decade of experience and a close network in the renewable energy sector, we significantly reduce your transaction time by matching you with ideal investors who meet your criteria. Let’s unlock the full potential of your renewable energy projects.