Privately financed contracts for the first Germany-U.K. subsea electricity link were signed on July 21 in London, aiming to get the 450-mile cable operational by 2028.
The owner of the 1.4-GW NeuConnect link this April awarded contracts worth $1.8 billion for cabling work and two converter stations to Prysmian Group and Siemens Energy, respectively. The total cost of the project is $2.9-billion.