15 Aug 2018

EU grants financial aid for power line from Norway to Germany

European Commission

The EU will invest another 100 million euros in the planned power line Nordlink that is meant to exchange electricity between wind and hydro power plants in Germany and Norway, the European Commission says in a press release. The European Investment Bank (EIB) has signed a financing agreement with grid operator TenneT aimed at supporting the construction of the 600-kilometre power line under the North Sea. Nordlink, scheduled for completion by 2020, will have a capacity of 1,400 megawatts (MW) and is supposed to stabilise the power grid in both countries.

Read the press release in English here.

Find background in the factsheet German offshore wind power – output, business and perspectives and the dossier Energiewende hinges on unblocking the power grid.

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