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European concerns about strengthening China's presence in the Greek energy market seem to have played a key role in blocking the electrical interconnection between Crete and the electricity grid. Continental Greece
. China has signed a memorandum of cooperation with EuroAsia Interconnector, which implements Greece's connection with Cyprus and Israel. The latter has also signed a protocol agreement with the German counterpart of ADMIE. In early April, he even proclaimed the Interconnection Project of Crete without ADMIE
There is also indirect involvement in the project of China Energy: It acquired 50% of the portfolio of sources of energy. Copelouzos Group's renewable energies operating wind farms in Crete with an annual capacity of 1,000 megawatts. These permits also require participation in the interconnection project, otherwise they will be canceled. China Energy has a strong interest in wind farms in Crete and has considerable funds.
Therefore, the flaw was only a matter of time. The country's Energy Regulatory Authority must now find an alternative solution within two months, as any further delay could put Crete in danger of a total blackout after 2020. RAE seems can grant the project directly to ADMIE.
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