North Africa Set to Meet Europe’s Clean-Energy N
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Posted On: 10/11/2024 4:39:37 PM
North Africa Set to Meet Europe’s Clean-Energy Needs
North Africa has the potential to supply up to 24 GW of renewable energy to Europe, more than enough to meet the continent’s green-energy needs and put the region on track to achieving its climate-change goals. The mostly desert region could potentially generate vast amounts of wind and solar energy and transport it to Europe via undersea connections as nations such as Morocco bring major green-energy projects online.
These projects are poised to boost the North African region’s green-energy capacity significantly while enhancing Europe’s and North America’s interconnection. The desert region is sparsely populated and currently lies fallow, unable to support agriculture or any meaningful population due to its extreme temperatures.
This makes North Africa perfect for both solar and wind generation as vast amounts of otherwise useless desert land could be dedicated to generating clean energy instead of diverting fertile land that is already in use. Additionally, the region’s proximity to Europe grants it access to a massive market hungry for renewable energy and actively working to eliminate fossil fuels from its energy mix.
Europe’s efforts to transition to green energy have been underway for well over a decade, and certain European nations have made significant progress while others still have a long way to go. The continent will need greater amounts of renewable energy as it turns away from fossil fuels, and North Africa is poised to fill a large portion of this demand.
Forecasts by Rystad Energy show that a whopping 73% of Europe’s electricity will come from renewables by 2035, with up to 24 GW of this energy coming from North Africa through subsea connections. At the moment, however, Morocco is the only North African nation connected to the European continent via two 700 megawatts (MW) high-voltage cables.
The Xlinks UK-Morocco project is one of the large projects set to support the installation of a third similar capacity cable. Specifically, the Xlinks UK-Morocco project will establish a 3.6 GW subsea interconnection between Morocco and the United Kingdom, while the two existing cables currently connect Morocco to Spain.
The GREGY initiative, a partnership between Egypt and Greece, along with Tunisia and Italy’s ELMED-TUNITA project, are among the projects that will build more interconnections between Europe and North Africa. Both of them have attracted major funding from financial institutions and governments. Once the three projects are online, North Africa will have to deploy 23 GW of renewable capacity as well as 7.2 GW of interconnector capacity to support Europe.
The drive toward greater adoption of green energy to a marked extent will also depend on the supply of the many critical minerals used in the manufacture of these technologies. Companies such as Reflex Advanced Technologies Corp. (CSE: RFLX) (OTCQB: RFLXF) can contribute toward ensuring adequate supplies of these metals.
NOTE TO INVESTORS: The latest news and updates relating to Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) are available in the company’s newsroom at https://ibn.fm/RFLXF
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
North Africa has the potential to supply up to 24 GW of renewable energy to Europe, more than enough to meet the continent’s green-energy needs and put the region on track to achieving its climate-change goals. The mostly desert region could potentially generate vast amounts of wind and solar energy and transport it to Europe via undersea connections as nations such as Morocco bring major green-energy projects online.
These projects are poised to boost the North African region’s green-energy capacity significantly while enhancing Europe’s and North America’s interconnection. The desert region is sparsely populated and currently lies fallow, unable to support agriculture or any meaningful population due to its extreme temperatures.
This makes North Africa perfect for both solar and wind generation as vast amounts of otherwise useless desert land could be dedicated to generating clean energy instead of diverting fertile land that is already in use. Additionally, the region’s proximity to Europe grants it access to a massive market hungry for renewable energy and actively working to eliminate fossil fuels from its energy mix.
Europe’s efforts to transition to green energy have been underway for well over a decade, and certain European nations have made significant progress while others still have a long way to go. The continent will need greater amounts of renewable energy as it turns away from fossil fuels, and North Africa is poised to fill a large portion of this demand.
Forecasts by Rystad Energy show that a whopping 73% of Europe’s electricity will come from renewables by 2035, with up to 24 GW of this energy coming from North Africa through subsea connections. At the moment, however, Morocco is the only North African nation connected to the European continent via two 700 megawatts (MW) high-voltage cables.
The Xlinks UK-Morocco project is one of the large projects set to support the installation of a third similar capacity cable. Specifically, the Xlinks UK-Morocco project will establish a 3.6 GW subsea interconnection between Morocco and the United Kingdom, while the two existing cables currently connect Morocco to Spain.
The GREGY initiative, a partnership between Egypt and Greece, along with Tunisia and Italy’s ELMED-TUNITA project, are among the projects that will build more interconnections between Europe and North Africa. Both of them have attracted major funding from financial institutions and governments. Once the three projects are online, North Africa will have to deploy 23 GW of renewable capacity as well as 7.2 GW of interconnector capacity to support Europe.
The drive toward greater adoption of green energy to a marked extent will also depend on the supply of the many critical minerals used in the manufacture of these technologies. Companies such as Reflex Advanced Technologies Corp. (CSE: RFLX) (OTCQB: RFLXF) can contribute toward ensuring adequate supplies of these metals.
NOTE TO INVESTORS: The latest news and updates relating to Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) are available in the company’s newsroom at https://ibn.fm/RFLXF
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
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