- We are happy to enter into a Memorandum of Understanding with Infinity Power to assess the opportunity for cooperation in developing one of the most significant green energy projects in the Eastern Mediterranean.
- Copelouzos Group and Infinity Power signed a Memorandum of Understanding for the joint development of renewable energy projects that will supply the GREGY-Green Energy Interconnector from Egypt to mainland Greece.
In a joint press release on Wednesday, Copelouzos Group and Infinity Power announced the signing of a Memorandum of Understanding for the joint development of renewable energy projects that will supply the GREGY-Green Energy Interconnector from Egypt to mainland Greece, ANA reports.
“Copelouzos Group, through its subsidiary companies Damco Energy and Elicia Mediterranean Interconnection, and Infinity Power, a joint venture between Masdar (Abu Dhabi Future Energy Company) and Egypt’s Infinity, have signed a Memorandum of Understanding to access, on a non-exclusive basis, the possibility of jointly developing renewable energy projects that will provide GREGY electrical interconnection with a source of green energy,” the press release noted.
Christos Copelouzos, the Chairman and CEO of Copelouzos Group, commented: “We are happy to enter into a Memorandum of Understanding with Infinity Power for assessing the opportunity of cooperation in developing one of the largest green energy projects in Eastern Mediterranean for producing green energy to be transferred via GREGY to Greece and through Greece to Europe.” Also, Nayer Fouad, CEO of Infinity Power, stated: “ This partnership opens up greater avenues of aspirational goals and milestones for us. We are contributing to the realisation of COP27’s aspirations and spearheading the movement towards COP28 by establishing ourselves as a significant green energy supplier beyond Africa.”