Neuconnect takes forward plans for Germany-GB Interconnector

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.

Further reading

On track: the Channel Tunnel interconnector Eleclink’s Steven Moore talks to Janet Wood about the strict timetable needed to install an interconnector alongside a busy train service – and the nerve required to take forward the new link at the time of Brexit
Extra interconnectors may not improve security  Interconnectors provide no additional security of supply above 9GW of interconnection, according to figures published in UKERC’s Security Assessment of Energy Futures
Interconnectors under question: do savings from pooling generation across borders outweigh risk of pushing out domestic power?Three more interconnectors win guaranteed return in ‘cap and floor’ regime Ofgem has confirmed it will guarantee returns for investors in three new interconnector projects with a total capacity of 4.2GW.