Hydropower generated in Norway is to power parts of the UK after the National Grid and Statnett reached agreement on the world's longest interconnector.
The two countries transmission system operators signed an agreement late last week for the 1400MW, 730km subsea electricity cable, in a move that will connect the two countries' electricity markets directly for the first time.
"Access to low-carbon energy from Norway hydro power stations will help us meet the challenge of greener, affordable energy," commented Alan Foster, director of European Business Development for National Grid. "It also adds to the diversity of energy sources for UK and potentially can reduce peak prices with benefits for consumers and businesses"
"We are proud to be part of this project," added Auke Lont, Statnett CEO. "Not only is this a technically impressive project where we will set a new world record, it is also an important contribution to the increase of renewable energy production on both sides, and thereby an essential part of the future electricity system. In addition it will contribute to security of supply and value creation for both Norway and the UK"
The interconnector would run from Blyth in Northumberland to Kvilldal in Rogaland on the Norwegian side. There will be a converter station on each side where the interconnector is connected to the grid. The project is estimated to cost €2 billion to be shared jointly. The interconnector is planned to be completed by 2021.
"This is a project I have worked on with Statnett and National Grid for two years, and I am delighted they've now made this massive investment decisio," said UK Energy Secretary Ed Davey. "Britain will benefit from Norwegian green hydropower, at the flick of a switch, providing green backup power when the wind's not blowing, and this will actually save people money.
"Coming after the recent confirmation of the Nemo interconnector project with Belgium, I am proud we are now seeing a huge increase in Britain's energy options, and the prospect of a real single energy market and energy supergrid in Europe."
A further boost to the project has come from the EU projects of common interest Initiative. Their "Connecting Europe Fund" is expected to grant €31m of support for development and early stage engineering studies
