REN and ONEE to propose Portugal-Morocco interconnection project
REN and ONEE – Office National de l’Electricité et de l’Eau Potable of Morocco were mandated by the Governments of Portugal and Morocco to submit, within six months, a preliminary draft proposal for the construction and financing model for the construction of the Portugal-Morocco electric interconnection, reports Compelo Energy.
The electric interconnection is crucial for Portugal and Morocco to be able to reinforce their strategies of investing in renewable energy, enabling its export to two continents, from Europe to Africa and from Africa to Europe.
In the Joint Statement, the two countries emphasized the need to ensure the conditions to export the generated green energy, which requires expansion of electric interconnections between the Portugal and Morocco.
Source: Compelo Energy