I love the idea! Reading the article though, I have a concern:
“The EuroAfrica Interconnector is a subsea system of high-voltage direct current cables (HVDC) between Egypt, Cyprus, and Greece that will cost an estimated 2.5 billion euros and have an initial transmission capacity of 1,000 MW, according to the project’s official website.”
So wouldn’t it cost only 1 billion euros for the same amount of domestic power in wind or solar? This seems like an unnecessarily expensive deal, unless the capacity of the cable can be substantially increased.
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I love the idea! Reading the article though, I have a concern:
“The EuroAfrica Interconnector is a subsea system of high-voltage direct current cables (HVDC) between Egypt, Cyprus, and Greece that will cost an estimated 2.5 billion euros and have an initial transmission capacity of 1,000 MW, according to the project’s official website.”
My SimCity credentials brought me concern here: Is 2.5 billion euros worth it for 1,000 MW? I found this on a [wiki article](https://en.wikipedia.org/wiki/Wind_turbine#Costs) about wind energy: “As of 2019, a wind turbine may cost around $1 million per megawatt.” I also found [this](https://www.solarreviews.com/blog/what-is-a-solar-farm-do-i-need-one#:~:text=Solar%20farm%20installation%20costs%20are,between%20%24820%2C000%20and%20%241.36%20million) about solar cost: “Solar farm installation costs are typically between $0.82 to $1.36 per watt. That means that a 1 megawatt (MW) solar farm would cost between $820,000 and $1.36 million.” So let’s say roughly 1 billion euros for 1,000 MW, as with wind.
So wouldn’t it cost only 1 billion euros for the same amount of domestic power in wind or solar? This seems like an unnecessarily expensive deal, unless the capacity of the cable can be substantially increased.
Good news Congrats