UK National Grid signs deal with Statnett for €2bn subsea interconnector

The UK National Grid and Norwegian power operator Statnett have signed an agreement to set up a €2bn subsea interconnector between the two countries.

Once operational, the subsea electricity cable will be able to transmit 1.4GW of electricity over a distance of 730km.

The interconnector will be link Blyth in Northumberland in UK to Kvilldal in Rogaland on the Norwegian side.

Dubbed as the North Sea Network (NSN), the link is likely to be operational by 2021.

Apart from laying the subsea link, the project will also involve construction of converter stations at its both ends to enable connection with the on-shore power grid.

UK National Grid European business development director Alan Foster said: "Access to low-carbon energy from Norway hydro power stations will help us meet the challenge of greener, affordable energy.

"It also adds to the diversity of energy sources for UK and potentially can reduce peak prices with benefits for consumers and businesses."

UK Energy Secretary Ed Davey said: "Britain will benefit from Norwegian green hydropower, at the flick of a switch, providing green backup power when the wind’s not blowing, and this will actually save people money."

14% of annual household power requirements in the UK is expected to be met through Norway hydro-power imports, reports BBC.

Similar interconnector, dubbed as the 1GW Nemo link, will also be developed by UK National Grid to enable power transmission with Belgium.