Plans for an electricity superhighway between Scotland and Norway got the backing of the EU on Friday, with an agreement to part fund the development phase of the 650km interconnector.
On Friday 17th February, the EU's INEA, Innovation and Networks Executive Agency, published its list of energy infrastructure projects that have been selected to receive financial support from the European Union.
Following the positive decision, NorthConnect, a power interconnector project between the west coast of Norway and the east coast of Scotland, is eligible to receive over 10 million Euros to support development of the project. The money comes from the Connecting Europe Facility, the EU's funding support programme for infrastructure.
NorthConnect is designated as a Project of Common Interest, making it eligible to apply for funding from the Connecting Europe Facility.
Richard Blanchfield, NorthConnect's Deputy Project Manager said "The decision demonstrates that the European Union considers the NorthConnect Project an important part of achieving the strategic goals of increasing security of energy supply, and contributing to sustainable development by integrating renewable energy sources across the European Union."
Tommy Løvstad, NorthConnect's CEO and Project Manager said. "This is a huge milestone for the project, everyone on the team is very pleased. We look forward to further co-operation with INEA and the Connecting Europe Facility. Being selected to receive funding from the EU is a very positive boost to the project's momentum, and will give the project owners important support in the challenging development environment."
The project is due to start construction in 2019, and programmed to reach completion in 2022.
Contact: Tor Saunes; 92880500; email@example.com
NorthConnect is owned by Swedish Vattenfall and the three Norwegian energy companies E-CO Energi, Agder Energi and Lyse. For more information see www.northconnect.no.