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EIB backs Germany-UK interconnector with €400m

Work to build the interconnector will start this year, connecting two of Europe’s largest energy markets for the first time

Dimitris Mavrokefalidis
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Friday 22 July 2022
Image: Shutterstock

The European Investment Bank (EIB) has today announced it will provide €400 million (£342m) to support a new planned interconnector connecting Germany and the UK.

The €2.8 billion (£2.4bn) NeuConnect project, which is expected to start operation in 2028, is set to become the first interconnector between Germany and the UK.

The 1.4GW project will have a route length of 725 kilometres and will connect a converter station and German grid interface to Tennet’s electricity network near Fedderwarden, and a converter station and grid interface on the Isle of Grain in the UK to the National Grid ESO network.

EIB Vice-President Ambroise Fayolle said: “This project is ground-breaking for the energy transition, as it makes it possible to use offshore wind energy more efficiently.

“Cross-border electricity trade can help redirect power to where it is most needed and can thus contribute to the integration of renewables and the stability of the energy supply.”

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