Portugal and Morocco apply for EU funding for energy link

The electricity interconnection project between Portugal and Morocco aims to enhance Portugal's energy security by establishing a new electrical link with Africa. This will reduce dependence on the Spanish grid and increase the interconnection capacity with Europe from 3% to a level aligned with the European Union's target of 15% by 2030. The parties are seeking funding from the European Commission and are also exploring opportunities to attract private sector investments, negotiating whether to use a direct submarine cable or existing infrastructure through Spain, with the goal of lowering energy costs and improving electrical stability.

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