Neuconnect Britain has applied for an interconnector licence for a direct link between GB and Germany. The 1,400MW HVDC connection will comprise two submarine cables totalling around 670km and has a connection agreement at Greystones on the Yorkshire coast (for the GB end) and Conneforde (in Germany).
It received initial approval from Ofgem to be taken forward under a ’cap and floor’ scheme in January.
The project is being developed by a consortium of Meridiam (53.5%), Allianz Capital Partners on behalf of Allianz Group (26.2%) and Kansai Electric Power (18.3%). The project is also supported by Greenage Power and Frontier Power as developers.
The consortium currently expects to take a final investment decision on the €1.6 billion project in 2020. It is expected to be operational in 2022.