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 […]

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 […]