NKT Named Preferred Bidder for Major HVDC Interconnector Project
NKT Achieves Preferred Bidder Status for Eastern Green Link 3
NKT has officially been recognized as the preferred bidder for the offshore high-voltage direct current interconnector project, named Eastern Green Link 3. This exciting development comes from a partnership between key players SSEN Transmission and National Grid Electricity Transmission.
The Importance of Eastern Green Link 3
The Eastern Green Link 3 (EGL3) project aims to provide an advanced 525 kV HVDC power cable system, which is critical for ensuring a stable and sustainable electricity supply throughout the UK. With a projected route length of approximately 680 kilometers, the interconnector will connect various power grids, enhancing the integration of renewable energy sources and promoting a cleaner energy future.
A Commitment to Clean Energy
NKT's selection as the preferred bidder highlights the company's dedication to supporting the advancement of the UK's electricity transmission capabilities. According to Claes Westerlind, President and CEO of NKT, this milestone reinforces their ongoing collaboration with SSEN and National Grid. Their expertise in large-scale HVDC projects continues to play a vital role in the transformation of Great Britain's power system.
Benefits of the EGL3 Project
The EGL3 interconnector is seen as a significant asset in Britain's electrical infrastructure, providing a means to transmit clean, locally produced energy to areas in need. This initiative is a key part of a larger investment project aimed at modernizing and strengthening the overall electricity transmission network across the UK.
Quotes from Project Leaders
Mark Brackley, Project Director at National Grid Electricity Transmission, noted that confirming NKT as the preferred bidder is essential for constructing the new cable system, which will bolster the UK’s energy framework and contribute to a more affordable energy landscape.
Additionally, James Johnson, Deputy Project Director for EGL3 at SSEN, emphasized the significance of NKT’s involvement, stating that their selection is pivotal for unlocking Scotland's vast renewable resources, ultimately helping to achieve the net zero targets.
Next Steps for the Project
As the parties move forward, they are set to engage in negotiations with the aim of finalizing a contract. This step is crucial to bringing the Eastern Green Link 3 project to fruition and ensuring that the infrastructure needed for a sustainable energy future is established.
Contact Information
If you would like to reach out to NKT for further information, Jacob Johansen, Head of Investor Relations, is available at +45 2169 3591. For press inquiries, Louise Westh Naldal, Head of Group Communications, can be contacted at +45 2982 0022.
Frequently Asked Questions
What is the Eastern Green Link 3 project?
Eastern Green Link 3 is an offshore high-voltage direct current interconnector that will link power grids in the UK, enhancing energy transmission and integration of renewables.
Why was NKT selected as the preferred bidder?
NKT's extensive experience in large-scale HVDC projects made it the ideal candidate to provide the power cable system for the project.
How long will the interconnector cable be?
The projected route length of the cable system for the EGL3 project is approximately 680 kilometers.
What is the significance of this project?
The project is essential for upgrading the UK’s electricity transmission network, fostering the development of a more resilient and efficient energy infrastructure.
Who are the partners involved in this project?
The joint venture partners for the Eastern Green Link 3 project are SSEN Transmission and National Grid Electricity Transmission.
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