UK-German Energy Link Reaches Financial Close
The title of this post, is the same as that of this article on renews.biz.
These are the three introductory paragraphs.
A multibillion-euro 725 km interconnector between the UK and Germany has reached financial close, paving the way for construction works to begin in the coming months.
The £2.4bn (€2.8bn) NeuConnect interconnector will form an “invisible energy highway” with subsea cables allowing up to 1.4GW of electricity to flow in either direction between the UK and Germany and will help deliver a more secure and resilient energy supply, particularly as more renewable generation is added.
Independent analysis shows the project will create over £1.7bn in UK consumer benefits over 25 years.
Other points about NeuConnect include.
- It has been privately funded by a consortium of over twenty national and international banks.
- It will run between the Isle of Grain and a the new Fedderwarden substation in Wilhelmshaven.
- It should be operational in 2028.
Although, it is bi-directional, it appears that one of its major uses will be to provide Germany with UK wind energy to compensate for the loss of Putin’s bloodstained gas.
The Anonymous Widower 
[…] UK-German Energy Link Reaches Financial Close, I talk about NeuConnect, which will be an interconnector between the Isle of Grain ans […]
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Work has now started on this https://renews.biz/87066/work-starts-on-uk-germany-interconnector/ The bulk of the work should start next year, with completion scheduled for 2028.
Comment by Peter Robins | July 19, 2023 |
There was a ground-breaking ceremony for this on the German side today. Photo opportunity for men (and a few women) in suits to pretend to do something with spades. https://renews.biz/93329/neuconnect-construction-begins-in-germany/ Work’s also started on the Grain converter station site.
Separately, I see UK/Ireland/Belgium have just signed a Joint Statement on planning for interconnections between countries and also with offshore wind farms.
Comment by Peter Robins | May 21, 2024 |
[…] UK-German Energy Link Reaches Financial Close […]
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