Greece and Italy Forge €1.9 Billion Energy Pact, Boosting EU Resilience and Defense Cooperation

May 12, 2025
Greece and Italy Forge €1.9 Billion Energy Pact, Boosting EU Resilience and Defense Cooperation
  • During a meeting in Rome on May 12, 2025, Greek Prime Minister Kyriakos Mitsotakis and Italian Prime Minister Giorgia Meloni signed agreements focused on energy and railway investments.

  • A key initiative from this meeting is the establishment of a high-voltage direct current (HVDC) link, which will have a transmission capacity of up to 1GW and span approximately 300 kilometers, including a 240-kilometer subsea section.

  • The leaders emphasized the significance of their collaboration, particularly in addressing migration, security, energy, and climate issues, which are critical in the current geopolitical climate.

  • This energy project is particularly timely, as it responds to recent blackouts in Spain and Portugal, underscoring the need for improved energy resilience across Europe.

  • Mitsotakis was accompanied by key ministers, including Foreign Affairs Minister Giorgos Gerapetritis and Defense Minister Nikos Dendias, highlighting the comprehensive nature of the bilateral talks.

  • The interconnector project, estimated to cost €1.9 billion, has been assigned to Italian power grid operator Terna and Greek counterpart IPTO to ensure timely progress.

  • Future discussions between the two leaders will also address European security and defense, aiming to strengthen bilateral ties while avoiding new dependencies.

  • Meloni stressed the strategic geographical advantage of the Mediterranean in global energy dynamics, emphasizing its importance during their discussions.

  • Both leaders recognized the importance of Greece and Italy's roles in EU decision-making, especially as they face common challenges related to migration and regional stability.

  • Mitsotakis and Meloni plan to align their positions ahead of European Council discussions on migration policies, balancing complexity with human rights considerations.

  • The primary focus of their discussions was to enhance bilateral defense cooperation, reinforcing unity among Western nations in the face of global challenges.

  • Mitsotakis highlighted the success of their joint efforts in managing illegal migration, focusing on effective border protection and the dismantling of smuggling networks.

Summary based on 26 sources


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