NeuConnect closely monitoring COVID-19 situation as work continues on vital new energy link
NeuConnect boosted by official inclusion on European Commission list of priority energy projects
NeuConnect are keeping up to date with the latest Government guidance on COVID-19 to ensure staff and key partners are kept safe, with measures in place to allow work to continue remotely on the vital new energy link.
Key members of the NeuConnect delivery team are continuing work on engineering, finance, planning and procurement activities to keep the project firmly on-track. NeuConnect has also been boosted by the news that it is has now officially received Project of Common Interest (PCI) status from the European Commission, placing it on the list of Europe’s priority energy projects.
NeuConnect CEO Christophe Vanhove said:
“News that NeuConnect is now officially on the European Commission’s list of priority energy projects is a further boost as we continue to work hard for the future benefit of customers across Europe.”
“In these challenging times it is vital the industry works together, so we also fully support the measures put in place by Ofgem and the UK Government to support energy users, especially those most in need.”
NeuConnect is a privately-financed £1.4bn / €1.6bn interconnector that will create the first direct link between British and German electricity networks. By connecting two of Europe’s largest energy markets for the first time and integrating renewable energy sources in Germany and Great Britain, NeuConnect will help deliver a more diverse, resilient and sustainable electricity supply, while also helping to lower costs for consumers.
NeuConnect is being developed by an international, experienced consortium that includes Meridiam, Allianz Capital Partners on behalf of Allianz Group and Kansai Electric Power, with the project also supported by Greenage Power and Frontier Power as developers. The key partners bring a proven track record in delivering large-scale energy infrastructure.