EIB Helps Financing Interconnection Between Norway And Germany

The European Investment Bank (EIB) will provide a EUR 350 million loan to TenneT Holding B.V. to finance “NordLink”, the first interconnection between Germany and Norway across the North Sea.

The bipolar High Voltage Direct Current (HVDC) link will have a capacity of 1,400 MW and a total route length of 624 km. It will improve diversification and security of supply and enhancing electricity market integration in both countries, and more widely between Northwest Europe and Scandinavian countries. It is also designated as a Project of Common Interest in the Priority Corridor Northern Seas Offshore Grid. Ambroise Fayolle, EIB Vice President, responsible for Germany, commented: “Security of electricity supply and effective use of renewable energy will be improved... ... More: Official Press Release EIB

Keywords:

EIB, TenneT, Norway, Germany, interconnector