This connection promotes the integration of the northwestern European energy market, increases market efficiency and contributes to a stabilisation of energy prices.
The NordLink will directly connect the energy markets of Germany and Norway for the first time. It establishes a connection to the hydropower capacities in Norway and will be able to counteract bottlenecks in the German transmission grid.
This connection promotes the integration of the northwestern European energy market, increases market efficiency and contributes to a stabilisation of energy prices. When limited yield from wind turbines and solar cells results in higher energy prices in Germany than in Norway, energy generated by Norwegian hydropower plants can be imported via NordLink.
NordLink has a capacity of 1,400 megawatts (MW). This interconnector increases the possibilities for exchanging renewable energy and contributes to the reduction of carbon emissions. The link will be 623 km (516 km subsea cable) long, making it the longest HVDC connection in Europe.
The NordLink project will be conducted by the Norwegian TSO Statnett and DC Nordseekabel GmbH & Co. KG, each with 50% ownership. TenneT TSO and German development bank KfW both have shares of 50% in DC Nordseekabel, which is responsible for the construction of the German part of the project, including permits. The converter stations will be supplied by ABB.
Click here for the complete press release for the ground-breaking ceremony