Neuconnect

NeuConnect is a privately-financed £2.4bn / €2.8bn interconnector that will create the first direct link between the UK and German electricity networks, connecting two of Europe’s largest energy markets for the first time. Sponsored by global investors Meridiam, Allianz Capital Partners, Kansai Electric Power and TEPCO, NeuConnect will become one of the world’s largest interconnectors with 725km of land and subsea cables forming an ‘invisible energy highway’ between the UK and Germany. The new link will allow 1.4GW of electricity to flow in either direction, enough to power up to 1.5 million homes, and offering an important boost to energy security while also helping to integrate renewable energy sources in the UK and Germany. Along with creating an important new piece of energy infrastructure, NeuConnect is currently the single-largest Anglo-German investment project and will represent an important symbolic link between the Great Britain and Germany economies. As one of the first interconnectors to be delivered using ‘Project Finance’, NeuConnect will also help to increase choice and competition in the British and German markets.