UK-Germany: Neuconnect, subsea power cable

Neuconnect will be the first electricity interconnector between the UK and Germany, stretching from the Isle of Grain in Kent to Wilhelmshaven in northwest Germany, just inland of the North Sea. The high-voltage direct current (HVDC) cable will allow two of Europe’s largest energy markets to directly share power for the first time. 1.4GW of electricity will be able to flow in either direction, enough to power up to 1.5 million homes – enhancing the efficiency and resilience of the UK and German energy systems. By integrating renewable energy sources in both countries, the project will also help to deliver a net reduction in carbon emissions of 13 million metric tonnes over 25 years. Analysis also indicates it will create £1.77 billion in consumer benefits. Brunel is invested in the project via the Brunel Cycle 2 Renewable Infrastructure portfolio’s allocation to StepStone, which is backing NeuConnect’s lead investor Meridiam. The project is under construction (see image) and expected to be operational by 2028.