In October 2014, the European Council endorsed the European Commission’s proposal to extend the electric interconnectors target from 10% to 15% by 2030, considering cost factors and potential commercial exchanges.
Electric Interconnectors: Facilitating Renewable Energy Exchange Across Europe
Our energy production and consumption increasingly rely on interconnectors. Renewable sources like offshore wind and solar replace fossil fuels, emitting fewer greenhouse gases. Electric interconnectors allow countries to import cheaper clean energy when needed and export surplus power, ensuring a flexible electricity supply. For instance, excess energy from offshore wind farms on the Danish East Coast can be shared with European neighbors.
Additionally, electric interconnectors facilitate the integration of renewable energy into the grid. The UK plans to quadruple its offshore wind capacity by 2030, highlighting the importance of these connections.
Nordlink: Transforming Europe’s Energy Landscape
Nexans recently completed Nordlink, a 700 km, 1400 MW power line between Norway and Germany. With partners like Statnett, TenneT, and KfW, Nordlink fosters a climate-friendly energy market. The interconnector enables the export of surplus wind and solar power from Germany to Norway and vice versa, enhancing energy flexibility.
North Sea Link: Bridging Energy Markets Across Borders
The North Sea Link, connecting the UK and Norway, facilitates electricity imports at lower prices when wind power production is high in the UK, conserving water in Norwegian hydropower reservoirs. Conversely, the UK can import Norwegian hydropower during low wind periods, ensuring energy security.
NeuConnect: Integrating Renewable Energy Resources
Source: www.offshore-energy.biz
As of today (21 July 2022), NeuConnect, a subsea cable linking the UK and Germany, has reached Financial Close. By connecting German and British energy markets via a 700 km long cable route, NeuConnect will be the first project of its kind. From a converter station in Isle of Grain in Kent (UK), the ship will proceed through Dutch, German, and British waters to Lower Saxony in Germany. With this initiative, both Germany and the UK are seeking to integrate and use renewable energy generation resources.
Electric Interconnectors: Shaping Europe’s Energy Future
New interconnections will create more space for renewable energy to take over in the European energy landscape, allowing to exchange more electricity and reducing congestions on a local and international geographic scale. At Green Dealflow we hope to see more projects of this size to be realised to shape the future of energy in Europe.
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