Overview

• Terna and Greek grid operator Ipto have signed a €1.9 billion memorandum of understanding to construct a 1,000 MW subsea electricity link between Italy and Greece.
• The 300 km interconnection, including 240 km of subsea cable, will complement the existing 500 MW link operational since 2002.
• The project will enhance energy security in southern Italy and Greece, supporting efficient energy procurement and increased cross-border capacity.
• Landing in Melendugno with a converter station in Galatina, the infrastructure will be governed under a three-year joint framework to oversee planning and execution.
• The initiative aligns with EU priorities for cross-border energy integration, leveraging the Mediterranean corridor for renewable energy and connectivity projects.