On December 18 the New and Renewable Energy Authority of Egypt (NREA) and the Andalusian Energy Agency (AAE) signed in Rome a Memorandum of Understanding which completes the close collaboration maintained during the last two years, in the framework of the MED-DESIRE project, in which both entities are partners.
As a result of the work performed within the MED-DESIRE project and the close collaboration between Spain and Egypt, new opportunities for collaboration have been identified between both entities that go beyond the scope of the MED-DESIRE project. The signing of the Memorandum of Understanding is formed as the appropriate framework in which such collaboration should be articulated, and in addition, its signing accounts for one of the achievements highlighted in the overall results of the project.
Among the points identified in this collaboration include activities related to the use of joint opportunities in the energy sector in both territories and in the Mediterranean in general, as well as the cooperation between the two institutions in the development of policies and regulations that favor the development of renewable energies. In the framework of this Memorandum, the relations between companies and other institutions in the energy sector in Andalusia and Egypt are expected to be strengthened.
The collaboration between the signatories will also help local institutions to increase their capacities in the renewable energy area and accelerate the dissemination of their projects. In turn, cooperation with other entities of reference of the EU and European partners in the long term will provide a major boost in relation to the creation of an integrated electricity market in the Mediterranean, being beneficial to all entities involved.