German-Norway power link lent €300m by EU bank

The European Investment Bank (EIB) is lending €300 million (£261m) for an interconnector between Germany and Norway. Norwegian transmission system operator (TSO) Statnett will use the money for the completion of the Nordlink project, which will have a capacity of 1,400MW. The agreement comes shortly after the first part of financing for the interconnector was […]

‘Northern Ireland must avoid power deficit in 2021’

Northern Ireland (NI) needs to take fast action to prevent a deficit in electricity supply by 2021. That’s according to a new report from the NI Affairs Committee, which highlights the need to start construction of the planned interconnector between the North and the South of Ireland as soon as possible. It also suggests the […]

EU bank lends €350m for German-Norway power link

The European Investment Bank (EIB) is lending €350 million (£298m) for the first power link between Germany and Norway. Dubbed ‘NordLink’, the interconnector will have a capacity of 1,400MW and a route length of 624 kilometres. It will be capable of providing renewable energy for more than 3.6 million German households. The interconnector is expected […]

ABB wins £230m order for UK-France power link

ABB has won an order worth £230 to connect the electricity networks of France and the UK. It was awarded by the two nations’ network operators, National Grid and Réseau de Transport d’Electricité (RTE). Work has started on the 1GW interconnector, which will run from Chilling, Hampshire, on the southern coast of England to Tourbe […]

Work begins on £490m UK-France power link

Work has begun on a new electricity connection between Britain and France. The new £490 million ElecLink interconnector, funded by Eurotunnel, will run through the Channel Tunnel between Sellindge in the UK and Les Mandarins in France. It will have the capacity to power up to two million homes and is expected to help reduce […]

Finland-Estonia gas interconnector gets €187m

The European Commission has signed a deal to invest €187 million (£166.43m) in a gas interconnector between Finland and Estonia. The Balticonnector is the first gas interconnector which links the two countries and will allow Finland to enter the rest of the EU market as it is currently largely dependent on a single supplier. The EU funding will […]

UK-Norway power link to provide greater consumer benefits

Consumers are likely to see greater benefits from the construction of the interconnector between the UK and Norway. That’s because Ofgem has revised down provisional upper and lower levels for National Grid’s annual revenues by around 30%. It means the grid operator’s revenues from the cable operations under the cap and floor regime will be lower, […]

Ireland-France power link reaches planning stage

Ireland and France have signed a memorandum of understanding for the next stage of the Celtic Interconnector project. Ireland’s state-owned grid operator EirGrid and its French counterpart Réseau de Transport d’Électricité (RTE) have agreed to progress the proposed €1 billion (£838 million) project to its first planning stage. The two-year stage will include economic assessments, technical […]

Ofgem approves Scotland-Norway power link

An electricity interconnector linking Scotland and Norway has been given the green light by Ofgem. The regulator said it has granted a licence to Norwegian consortium NorthConnect, which plans to build a £1.3 power cable between Boddam in Aberdeenshire and Eidfjord in Norway. The 650-kilometre long interconnector has a capacity of 1.4GW – enough to […]

EIB invests £500m in Scottish interconnector

An investment worth £500 million will be made to support the development of an interconnector in Scotland. The European Investment Bank (EIB) has agreed to provide the money for the project which consists of a 1,200MW subsea cable between Spittal in Caithness and Blackhillock in Moray. The power link aims to improve connections between wind, wave […]