The Norwegian Energy Ministry has granted Statnett licenses to construct two transmission projects, one connecting to Germany and one to the U.K., meant to help boost grid reliability and renewable energy.
The NordLink interconnector will be developed and owned 50% by Statnett and 50% by a group consisting of grid company TenneT and German investment bank KfW. The subsea cable will have a capacity of 1.4 GW and create a cross-border connection to hydropower in Norway and wind installations in Germany.
Lex Hartman, a member of the executive board at project partner TenneT, says, "We are delighted at this positive signal regarding the electricity connection between Norway and Germany. NordLink enables mutual exchange of energy from German wind and Norwegian hydroelectric power and is, therefore, an important part of [the] German energy transition."
The NSN interconnector, meanwhile, will be developed and owned 50% by Statnett and 50% by British energy company National Grid. The subsea cable will also have a capacity of 1.4 GW and will run between Kvilldal, Norway, and Blyth in the U.K.
Hakon Borgen, executive vice president of Statnett, says the company is pleased to receive the licenses from the Norwegian ministry.
"This is an important step toward realizing the two projects as planned," explains Borgen. ‘The two new interconnectors will be key parts of the next-generation power system and will contribute to greater security of supply and more value creation in Norway. They will also pave the way for increased utilization of renewable energy and, thereby, for reaching the climate targets in Norway and our partner countries.’
‘We will proceed with the planning of these projects," adds Borgen. "Negotiations are being conducted with suppliers, and work is being done to clarify issues concerning regulations and remaining licenses on the German and U.K. sides. We are working to have this in place in time for us to make our investment decision according to plan."
NordLink is scheduled for completion by 2018, and NSN is scheduled for completion by 2020.