Signature of the Memorandum of Understanding for cooperation between RES4MED & MEDREC | 18-12-2012

A Memorandum of Understanding for cooperation between the Mediterranean Renewable Energy Centre (MEDREC) and the Renewable Energy Solutions for Mediterranean (RES4MED) has been formalized in the framework of the workshop that was held on December 18th, 2012 in Tunis entitled “Renewable Energy Sources and the energy market integration: Analysis and perspectives of the Mediterranean Cooperation”.

The cooperation agreement has been signed for MEDREC by the Directors, Leila Bahri and Marco Polverari and for RES4MED by the President, Francesco Starace and the Secretary General, Roberto Vigotti.

RES4MED is an Association set up at the end of 2011 by CESI, Edison, Enel Green Power, GSE, PwC and Politecnico di Milano.

MEDREC and RES4MED aim to cooperate in order to share and to reinforce their strategies currently under appraisal for the Mediterranean Countries.

As both initiatives are highly complementary and strive for the same long term objective of developing and deploying renewable energy in the Eastern and Southern Mediterranean countries and supplying it to the local and EU energy markets, MEDREC and RES4MED intend to cooperate on key aspects of the two overall initiatives.

The cooperation between MEDREC and RES4MED will include the exchange of useful information, assessing work programs, activities and results, joint evaluation of potential synergies, including complementary and additional activities, joint efforts in EUMENA to promote a common and favourable regulatory framework for the renewable energy markets, joint efforts to engage with stakeholders in Italy, exchanges and comparison of results, organization of common communication events.

RES4MED aims to promote renewable energy sources and to analyze the conditions for integrated electricity markets in the Mediterranean area; it is meant as a think tank on energy context and perspectives of regional Mediterranean energy systems, to improve the political, economic, industrial and social framework and attract investments.

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The Mediterranean

Renewable Energy Centre

The MEDREC, based in Tunis, was launched by the Italian Ministry of Environment and Territory. It involves international and governmental Institutions of Algeria, Egypt, Libya, Morocco, and Tunisia. The center is the focal point of the Mediterranean Renewable Energy Program.

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