By Andrew Lee in London
Wednesday, March 06 2013
Updated: Wednesday, March 06 2013
The 1.4GW DC link aims to be operational by the end of 2018, subject to a final investment decision in mid-2014, award of licences and construction supply-chain capacity, say the partners.
The subsea cable will require a total investment of about €1.5bn-€2bn ($1.9bn-$2.6bn) and will run between Tonstad, Vest-Agder in Norway and Wilster, Schleswig-Holstein in Germany.
NORD.LINK is designed to boost the flow of renewable energy between the two nations, and is one of two projects being considered.
The second, called NorGer, will be placed on the back-burner with a view to possible implementation within 10 years of its twin.
“This is dependent, among many other things, on further grid development in Norway and Germany and the future market design in European power markets,” says a statement.
The partners said the decision to prioritise NORD.LINK was “based on lower cost and lower technical risk, shorter building period, higher socio-economic benefit and licensing aspects”.
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