A major milestone has been reached in accelerating the flagship Egypt–Greece electricity interconnection project (GREGY), a cornerstone for strengthening Europe’s energy security and advancing the green transition. On Wednesday, 28 Jan. 2026, the competent service of the European Commission approved a 9.56 million euros grant to fund the next phase of studies for the project. The GREGY ProjectGREGY aims to establish a vertical green energy corridor from South to North. The project’s strategic importance is also gaining recognition beyond Europe. GREGY is listed among the four projects of strategic significance highlighted in the legislation.