North Sea Link (NSL) has had fantastic news that they will receive the full grant payment of €31.3 million (€15.6 million for each project partner) from the Connecting Europe Facility (CEF) for completion of the project’s technical design studies.
Activities to secure the grant have been ongoing since August 2014. The process was very detailed and required NSL to work closely with the European Commission.
The team had to complete various project milestones to secure the grant – including licenses and consents, and establishing the regulatory structure under which the interconnector will operate – as well as technical deliverables on our cable joints and converter equipment.
Working long hours, the NSL team gathered information for the detailed final submission; with special recognition to the NSL finance team, Naeem Zaman, Per-Øyvind Gøystdal, Adam Williams and Darren Christie.
This is fantastic news for the NSL project and a great example of the hard work and dedication to secure the CEF grant.
Statnett and National Grid are in a partnership to construct an electricity interconnector between Norway and the UK. NSL will connect the electricity systems of the two countries via high-voltage subsea cables from Kvilldal in Norway to Blyth in the UK.
CEF is a key EU funding instrument to promote growth, jobs and competitiveness through targeted infrastructure investment at a European Level.