USD 72.5602

+0.13

EUR 85.4614

+0.1

BRENT 75.31

+0.04

AI-92 46.28

0

AI-95 50.25

-0.01

AI-98 57.95

0

Diesel 50.08

0

391

Angela Merkel and Boris Johnson show support for UK-Germany power link

German Chancellor and UK Prime Minister have outlined their support for the NeuConnect interconnector between Germany and the UK

Angela Merkel and Boris Johnson show support for UK-Germany power link

London, July 5 - Neftegaz.RU. The 2 European leaders spoke about the NeuConnect project on July 2, as part of Merkel’s visit to the UK to meet Johnson.
Prime Minister Johnson said:
  • Collaboration between the UK and Germany is already helping tackle some of the greatest challenges of our time, including defeating the coronavirus pandemic and tackling climate change
  • This includes support for NeuConnect, a new electricity interconnector that will create an energy highway between the UK and Germany
  • NeuConnect is the largest UK-German investment project currently underway and will allow our energy grids to share excess power – making sure renewable energy is not wasted and helping both our economies decarbonise more rapidly
In addition, NeuConnect’s investors confirmed their renewed commitment to deliver the project, following the new energy legislation passed in Germany under which the interconnector will operate.
The link also recently secured the updated UK Interconnector Licence from Ofgem.

The £1.4 billion NeuConnect will create the 1st direct link between UK and German electricity networks, connecting 2 of Europe’s largest energy markets for the 1st time.

Over 700 km of subsea cables will allow 1.4 GW of electricity to flow in either direction.
Financial close is expected in September, allowing initial works to begin later this year, followed by major construction works starting in 2022.

Author: Nadja Skopljak

Source : Neftegaz.RU


Follow us on Facebook
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru