The gas pipelines linking Norway with Europe’s biggest gas market in Germany, will soon be joined by a 1.4 GW power line funded by the European Investment Bank (EIB) to the tune of €350 million (£298m).
Dubbed ‘NordLink’, it is expected to improve diversification and security of supply as well as enhance electricity market integration in both countries, and more widely between northwest European and Scandinavian nations.
“Security of electricity supply and effective use of renewable energy will be improved significantly,” said Ambroise Fayolle, EIB Vice President. “Initially, NordLink will bring surplus hydro generation from Norway to Germany. In the medium term, it will help ease constraints and allow the evacuation of surplus renewable generation from Germany to Scandinavia.”