NeuConnect ‘interconnector’ will help power the future with an energy supply that is:
dependable, safe and more secure
The fully-financed £1.4bn / €1.6bn interconnector scheme will create the first direct link between the British and German electricity networks. Connecting two of Europe’s largest energy markets for the first time will offer a more diverse and sustainable supply, offering much needed resilience, security and flexibility in each market.
more competition means lower prices
By allowing up to 1.4GW of electricity to flow in either direction between Germany and Britain, the new link will significantly increase choice and competition in each market. This will lead to millions of consumers and businesses benefitting from reduced electricity prices.
investing in reliable technology
The investment in proven, reliable high-voltage direct current (HVDC) technology offers British and German networks greater efficiency and flexibility to deal with the changing demands of industry, businesses and consumers.
£3bn in benefits, a significant economic boost
The vital new link will create an ‘invisible highway’ to carry 1.4GW of electricity, enough to power up to 1.5 million homes over the life of the project and offering net consumer benefits of over £3bn / €3.4bn.
The delivery of the project will also create significant economic benefits with more than £1bn /€1.1bn worth of contract and business opportunities available. The project will support up to 500 jobs during construction, allowing British and German workers to demonstrate their expertise in a growing global industry. Further jobs will also be created once the new connection becomes operational.
720km of land and subsea cables will connect low-impact substations in Germany and on the Isle of Grain in Kent.
The new connection will allow Britain to tap into the vast energy infrastructure in Germany, including its significant renewable energy sources as the world’s third largest producer of wind power. In the German market, the new link with Britain will help ease current bottlenecks where wind turbines are frequently powered-down due to an excess of renewable energy being created. A new report (available here) has shown that NeuConnect will help deliver a 16 million tonne reduction in CO2 – the equivalent of planting 28 million new trees or removing 400,000 cars off the road in a year. While the initial flow of surplus renewables is expected to be from Germany into Britain, the interconnector will allow energy to flow in either direction. The flexibility of the new link therefore offers significant benefits on both side.
meeting future energy needs
NeuConnect received Interim Project Approval from Ofgem in January 2018. Final approval for the scheme is expected in 2021, allowing construction to start shortly afterwards. NeuConnect is targeting the mid 2020s for project completion, helping meet British and Germany’s future energy needs and delivering significant benefits for consumers, businesses and industry.