in News Departments > Projects & Contracts
print the content item

Norwegian power grid operator Statnett, KfW IPEX-Bank and TenneT TSO GmbH have signed an agreement to develop and construct a subsea cable between Germany and Norway.

The high-voltage direct-current interconnector will enable renewable energy to flow between Germany and Norway and help improve the distribution of offshore wind power between the two nations.

With this cable, wind energy and solar power can be exported from Germany to Norway when there is a surplus, while Norway can export hydropower to Germany when the sun does not shine and the wind does not blow.

The integration of the Norwegian and German electricity markets, which are not currently connected, will also ensure greater grid stability in the two countries, increase market efficiency and stabilize prices between seasons, TenneT says.

The interconnector project represents an investment of approximately 1.5 billion to 2 billion euros. The three-party agreement provides for a 50:50 partnership between Norway and Germany. Norway's state-owned Statnett will own 50% of the project. On the German side, KfW and TenneT will jointly own 50% of the project via a newly established project company.

The cable is expected to be complete by late 2018.



Trachte Inc._id1770
Latest Top Stories

Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.

Navigant_id1983
Canwea_id1984
Renewable NRG_id1934