Meridiam is a Paris-based investor with a portfolio including NeuConnect and other large-scale projects, operating under France’s mission-based status focused on public-interest goals.

The signing reflects Greece’s political commitment to the project, with officials and French representatives attending to emphasize regional energy cooperation.

seabed surveys will determine optimal routing and technical feasibility for what would become one of the deepest and most challenging offshore cables.

Meridiam’s involvement draws on its European infrastructure track record and ties with the EIB and EBRD, following discussions among Greek and Cypriot leaders.

The move aims to secure financing for the more-than-€2‑billion interconnection project, which the EU designates as a project of common interest.

Meridiam’s entry strengthens GSI’s capital base and technical expertise, while IPTO remains a strategic shareholder and will operate the interconnection upon completion.

A deal makes Meridiam the majority shareholder of the Great Sea Interconnector (GSI), the operator of the Greece–Cyprus electricity interconnection, signaling a major step for regional energy stability.

Meridiam, the Paris-based infrastructure investor, is set to take control of GSI with more than half the stake, strengthening the project’s capital base and accelerating implementation.

A signing ceremony in Athens will mark Meridiam’s majority stake in GSI, underscoring political and investor confidence in the Greece–Cyprus interconnection.

The arrangement is expected to boost international credibility and financing capacity for the project, even as geopolitical tensions and Turkish opposition pose ongoing obstacles.

The European Investment Bank is reviewing financing for the project, with related Cyprus–Israel interconnection work progressing under IPTO, including a forthcoming cost‑benefit study to regulators.

The strengthened financing and credibility are intended to accelerate the interconnection, helping end Cyprus’s energy isolation and boost Eastern Mediterranean energy security.