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
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.