Great Sea Interconnector gains French investment to link Greece and Cyprus

The Great Sea Interconnector (GSI) project, designed to link the electricity grids of Greece and Cyprus, has gained significant momentum following an agreement for the French investment firm Meridiam to become a majority shareholder in the project's company. Greek Prime Minister Kyriakos Mitsotakis described the deal as a ‘strong vote of confidence’ in Greece’s energy infrastructure, noting that the French company Nexans will handle the manufacturing and laying of the subsea cable.

Officials in both Greece and Cyprus have emphasized the strategic importance of the project. Cyprus House President Annita Demetriou stated that the GSI is a critical infrastructure project that will end Cyprus’s energy isolation and enhance the geopolitical and energy roles of both nations within the European Union.

Beyond the economic and technical boost, the involvement of French entities is viewed as a geopolitical development. Cypriot government spokesperson Konstantinos Letympiotis noted that the French participation strengthens the diplomatic standing of Greece and Cyprus. Experts suggest the project could transform the Eastern Mediterranean into a major energy hub, though some debate remains regarding the long-term financial costs to the Republic of Cyprus.