EIB To Invest €300M in Offshore Transmission

The European Investment Bank (EIB) has agreed to provide €300 million for the construction of the BritNed Interconnector, a new electricity transmission cable between the United Kingdom and the Netherlands. The BritNed cable is a 50:50 joint venture, between National Grid and TenneT, who operate the grids. It will have a capacity of 1,000 MW and will boost competition by improving connections with European markets.

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EIB To Invest €300M in Offshore Transmission

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