UK, Norway Advance Plan For $2B Subsea Grid Link

Law360, Los Angeles (May 15, 2013, 6:25 PM EDT) -- British electric and gas company National Grid and Norwegian transmission system operator Statnett confirmed on Wednesday that they have signed a cooperation agreement to continue working on a multibillion-dollar, 1,400 MW capacity subsea interconnector to link the two countries by 2020.

The North Sea Network interconnector, which would cost between €1.5 billion ($1.95 billion) and €2 billion ($2.6 billion) and be the world’s longest, would be the first electricity link between the United Kingdom and Norway. The link would also contribute to the further integration of...
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