not many people know
Paul Homewood
h/t Joe Public
Another 4 billion were wasted. Or is it just money?
Ofgem today confirmed final approval of costs associated with the delivery of the Eastern Green Link 2 (EGL2), allowing construction of the 525kV 2GW subsea connection between Peterhead in north-east Scotland and Drax on the east coast of England to begin.
The energy regulator's final decision on the project assessment of high-voltage direct current (HVDC) connections over 500 kilometers is a key final approval in the regulatory process and allows construction to begin later this year, with the connection expected to be operational in 2029.
The total nominal investment is expected to be approximately £4.3 billion, making it the largest single investment in transmission infrastructure in the UK's history and one of the country's most important strategic investments in energy infrastructure in recent years.
https://www.ssen-transmission.co.uk/news/news–views/2024/8/go-ahead-for-uks-biggest-subsea-connection-project
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