Duration July 2010 – till date Established July 2010 | Organization Medgrid Estimated completion 2020—2025 | |
 | ||
Goal "To develop an Euro-Mediterranean electricity network of 20 GW generating capacity, primarily from solar and wind farms stretching across the MENA region; with 5 GW being devoted for exports to Europe" Estimated budget €5 billion
(US$6.6 billion) | ||
Medgrid project, created at the end of 2010 in Paris, is a large industrial project planned in North Africa, which aims to promote and develop a Euro-Mediterranean electricity network that would provide North Africa & Europe with inexpensive renewable electricity, mostly from solar. The goal is to install 20 gigawatts (GW) of generating capacity, with 5 GW being devoted for exports to Europe.
Contents
The Medgrid project was envisioned by a consortium of twenty plus utilities, grid operators, equipment makers,financing institutions and investors, mostly European.
On 24 Nov 2011, a MoU was signed between Medgrid and Desertec Industry Initiative (Dii) to study, design and promote an interconnected electrical grid with the 400 billion euro ($536 billion) renewable energy 'Desertec' project in North Africa. The medgrid together with Desertec would serve as the backbone of the 'European Supergrid' and the benefits of investing in HVDC technology are being assessed to reach the final goal – the 'SuperSmart Grid (SSG)'.
Background
As per the statement made by Dr Gerhard Knies, German physicist and founder of the Trans-Mediterranean Renewable Energy Cooperation (TREC) network of researchers - "The world’s deserts collect more energy from the sun in six hours than mankind consumes in an entire year.” It illustrates the idea behind the ambitious project - Medgrid which will exploit solar energy from desert areas.
Sahara desert was chosen as an ideal location for solar farms as they enjoy strong direct sunlight for much of the year (3,000 to 4,000 hours of sunlight per year). In addition, the deserts are sparsely populated, making it possible to set up large solar farms. Lastly, sand deserts can provide silicon, a raw material that is essential in the production of solar panels.
Inception of Medgrid consortium (July 2010 - present)
Complementing a similar Saharan desert based renewable energy project - DESERTEC, the industrial project Transgreen was launched in Paris in July 2010 as a French initiative within the framework of the Union for the Mediterranean (UfM). A consortium of twenty plus utilities, grid operators, equipment makers,financing institutions and investors, mostly European envisioned the company named Medgrid in December 2010. The aim was to promote and develop a Euro-Mediterranean electricity network that would provide North Africa & Europe with inexpensive renewable electricity, mostly from solar. The goal is to install 20 GW of generating capacity, with 5 GW being devoted for exports to Europe. France and Morocco will launch the first experiment to transport solar power from the south to the north of the Mediterranean.
Since the Euro-Mediterranean projects, Medgrid and Desertec are both attempting to generate solar energy from deserts and complement each other, a MoU was signed on 24 Nov 2011 between Medgrid and Desertec Industry Initiative (Dii) to study, design and promote an interconnected electrical grid with the 400 billion euro ($536 billion) renewable energy "Desertec" project in North Africa. The plan is to build five interconnections at a cost of around 5 billion euros ($6.7 billion), including between Tunisia and Italy. The activities of Dii and Medgrid are covered by the Mediterranean Solar Plan (MSP), a political initiative within the framework of the Union for the Mediterranean (UfM).
In March 2012 Dii, Medgrid, Friends of the supergrid and Renewables Grid Initiative signed a joint declaration to support the effective and complete integration, in a single electricity market, of renewable energy from both large-scale and decentralised sources, which shall not be played out against each other in Europe and in its neighbouring regions.
The medgrid together with Desertec would serve as the backbone of the 'European Supergrid' and the benefits of investing in HVDC technology are being assessed to reach the final goal – the 'SuperSmart Grid (SSG)'.
Consortium
The consortium of twenty plus utilities, grid operators, equipment makers, financing institutions and investors include,
The consortium is led by André Merlin, CEO of Medgrid.