European Directory of Marine Organisations (EDMO)

details

Name

NeuConnect

Address

C/O Fulcrum
105 Piccadilly

Zipcode

W1J 7NJ

City

London

State

Middlesex

Country

United Kingdom

Phone

+44 (0)800 298 7040

Centre Website

https://neuconnect.eu/

organisation profile

NeuConnect is being developed by an international, experienced consortium that includes Meridiam, Allianz Capital Partners on behalf of Allianz Group and Kansai Electric Power, with the project also supported by Greenage Power and Frontier Power as developers. The key partners bring a proven track record in delivering large-scale energy infrastructure, creating a team with significant experience and expertise in interconnector projects. Lead-investor Meridiam are founded on an ethos of taking a long-term approach to its investments, meaning the NeuConnect project will further benefit from Meridiam’s long-term commitment to invest in, develop and manage the asset over 25 years and beyond.

The NeuConnect Interconnector will create the first direct power link between Germany and Great Britain, connecting two of Europe’s largest energy markets for the first time. Around 720km of subsea cables will form an ‘invisible highway’ allowing up to 1.4GW of electricity to move in either direction, enough to power tens of millions of homes over the life of the project.

Interconnectors create important new links between the energy networks of different countries, allowing a safe, secure and affordable energy supply to cross geographical boundaries. Many countries, including GB and Germany, have identified a long-term need for interconnectors as they help to integrate energy markets, increase competition and security of supply, and deliver value for money for consumers.

By connecting two of Europe’s largest energy markets for the first time, the project will offer a more diverse and sustainable supply, offering much needed resilience, security and flexibility in GB and Germany. Increased competition in the British market could also lead to lower costs for consumers and businesses, while in Germany the new link will help reduce ‘bottlenecks’ by opening up an important new market for excess renewable energy to be exported to. The project will also deliver a range of wider consumer and economic benefits, including jobs and business opportunities.

The NeuConnect interconnector will link the Isle of Grain in Kent, England with the Wilhelmshaven region in Germany, with subsea cables travelling through British, Dutch and German waters. The route of the subsea cables and exact onshore locations in Germany and GB will be determined by project development work that is currently underway.

edmo metadata

EDMO record id

5081

Collating centre

British Oceanographic Data Centre (BODC)

Latest update

30 July 2019 12:19:17 PM