Neuconnect plans to start work this year on GB-Germany direct electricity link

NeuConnect says it is aiming to reach financial close on its interconnector between GB and Germany “in te hnext few weeks”, allowing work to start before the end of the year.
It made the comment as it announced contracts totalling £1.5 billion to build the 725km HVDC interconnector. The contract to design, manufacture, install, test and commission the interconnector has been awarded to Prysmian Group. The contract to design and build two converter stations in the UK and Germany has been awarded to Siemens Energy.
NeuConnect is a privately-financed interconnector whose investors include Meridiam, Allianz Capital Partners and Kansai Electric Power. The 1.4GW interconnector is currently the single largest Anglo-German investment project and will represent an important symbolic link between the British and German economies

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