U.K.-based electricity network operator National Grid said May 15 that it has agreed to cooperate with Norwegian power grid operator Statnett SF to work on the planned 1.4 GW interconnector between Norway and the U.K.
The project for first power link between the U.K. and Norway calls for an investment of some $1.9 billion. Touted as the world's longest subsea interconnector, it will increase the transmission of renewable energy by making it easier to integrate and transport green power, according to National Grid.
Now, having signed the co-operation deal, the two grid operators will focus on securing regulatory and environmental permits and concessions. They will also need to prepare for the procurement of cable and two converter stations. If an investment decision is reached on the 50/50 project in 2014, as planned, the NSN link could be completed by 2020, according to National Grid.