Monday, February 6, 2023

Spain and France are studying the construction of a new electrical interconnection between the two countries, taking advantage of the H2Med route

The XXVII Spanish-French Summit, which was held this Thursday in Barcelona, ​​has served to strengthen ties between spain and franceEspecially when it comes to energy.

The two countries, the Spanish government said in a statement, reaffirmed their firm commitment to cooperation in energy matters, with particular attention to Ongoing reform of the electricity market in the EU and promoting interconnections between the two states to enhance flexibility and security of supply.

They have assured that they will work on their proposals to reform the European electricity market so that they can reach a common position with the aim of approving the new model during 2023.

Taking advantage of this, they will also study the construction of a new power line between the two countries. The underwater route of the H2Med hydroduct between Barcelona and MarseilleThe green hydrogen corridor is what some describe as a “disguised gas pipeline”.

“Spain and France want to move forward together in the energy sector and thus reform the European project, enhance our integration and build a more cohesive, strong and sustainable Europe, ready to face the challenges ahead and We are ready to achieve a carbon neutral economy.” has declared Third Vice President of Government and Minister of Ecological Transition and Demographic Challenges, Teresa Ribera,

Both states agree on the need to speed up procedures for the Trans-Pyrenean electricity interconnection projects submarine laying plans for the Bay of Biscayas well as for the H2Med project supply green hydrogen to the rest of the continent EU, with the firm belief that this infrastructure will enhance security of supply for 27 and facilitate the achievement of Community decarbonisation objectives.

european energy reform

Spain and France have pledged to work together on a package of energy reforms that the EU must undertake, especially during Spanish Presidency of the Council of the European Union With an aim to approve it before 2024, in the second half of the year.

They share, he claimed, agree on a large part of the solutions needed to diagnose and facilitate the situational and structural problems of current market design. Decarbonization of the Energy SystemTo give protection to investors and stability and fair value to consumers.

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As a result, Spain and France, “by sharing objectives and having similar approaches in their proposals for reforming the design of the European electricity market, will work together to reach a successful agreement. They will work together to find solutions in favor of the hydrogen economy. also committed”.

Finally, spain and france They have agreed to strengthen the bilateral work of their technical teams on energy matters, holding periodic meetings that facilitate the adoption of common positions at the European level.

Nation World News Desk
Nation World News Desk
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