2022-10-01
http://w3.windfair.net/wind-energy/news/41475-eib-germany-north-sea-uk-interconnector-electricity-renewable-energy-link-bank-financing-eu-commercial-operation

EIB finances first energy link connecting Germany and the UK

Image: PixabayImage: Pixabay
The project will be the first interconnector between Germany and the United Kingdom, facilitating electricity trade between the European Union and the United Kingdom and contributing to the integration of high shares of intermittent renewables across the North Sea

Official Press Release EIB:

EIB provides €400 million to support first ever energy link connecting Germany and the United Kingdom

Wind Industry Profile of
EIB provides €400 million to support first ever energy link connecting Germany and the United Kingdom

Work to build the NeuConnect interconnector will start this year, connecting two of Europe’s largest energy markets for the first time / A consortium of more than 20 banks including the EIB, the UK Infrastructure Bank and the Japan Bank for International Cooperation (JBIC) will support investors Meridiam, Allianz Capital Partners, and Kansai Electric Power in this €2.8 billion investment / The energy link will support renewable energy policies in the European Union and the United Kingdom

The European Investment Bank (EIB) — as part of a consortium of more than 20 international banks — has agreed on the financing structure of the first ever energy link connecting Germany and the United Kingdom. The investment to build this interconnector will amount to... ... More: Official Press Release EIB

Keywords:
EIB, Germany, North Sea, UK, interconnector, electricity, renewable, energy link, bank, financing, EU, commercial operation







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