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New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
Forging a new UK-German electricity link
28/9/2022
6 min read
The NeuConnect electricity interconnector will be the first energy link between Germany and the UK, and could provide a model for clean energy distribution, reports energy writer Jens Kastner.
In late July, the European Investment Bank (EIB) agreed on the financing structure of NeuConnect, the first ever energy link connecting Germany and the UK, two of the largest electricity markets in Europe.
The investment to build the interconnector will amount to €2.8bn, with the EIB set to contribute up to €400mn of financing for construction of the section within the European Union (EU). Other financiers include the UK Infrastructure Bank, which will focus on the stretch within UK waters and onshore territory, and the Japan Bank for International Cooperation (JBIC).
The NeuConnect project consists of a high-voltage direct current (HVDC) link interconnecting England and Germany through German, Dutch and British waters. The project will have a rated capacity of 1.4 GW and DC voltage of 525 kV. The predominantly subsea cable will have a route length of 725 km and will connect a converter station near Fedderwarden, northern Germany, near the Dutch border, linking the German grid interface to the electricity network of Netherlands-based grid operator TenneT.