National Grid North Sea Link Limited
National Grid North Sea Link limited is a wholly owned subsidiary of National Grid plc, a major UK company which owns and manages gas and electricity infrastructure in the UK and in the northeastern US.
In the UK, the National Grid Group runs the systems that deliver gas and electricity across the entire country. In northeastern US, the Group provides power directly to millions of customers. The Group holds a vital position at the center of the energy system, joining everything up.
To meet rising energy demands, National Grid links the UK electricity transmission system to other countries’ networks via interconnectors. Links with France, known as IFA (Interconnexion France Angleterre), and the Netherlands, known as BritNed, have already been developed. Proposals to construct a UK-Belgium interconnector – Nemo Link® – are also underway.
Statnett is responsible for developing and operating the Norwegian power grid to ensure that it meets society’s expectations for the energy sector at all times. Statnett’s main objectives are to develop the next generation grid, to maintain security of supply, contribute to value creation and facilitate better climate solutions.
Statnett is involved in operating and developing interconnectors between Norway and several other European countries, amongst them the world’s longest subsea cable between Norway and the Netherlands (NorNed), and three interconnectors between Norway and Denmark (SK1-3), with a fourth being completed in 2014. There are also plans for an interconnector between Norway and Germany, built by Statnett and partners Tennet and KfW.
State-owned Statnett has approximately 1,000 employees and had an operating profit of 1.4 bn NOK in 2012.
Contracts totalling €1.5billion have been awarded to build the North Sea Link – the first electricity link between UK and Norway.
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National Grid and Statnett, the Norwegian Transmission System Operator, will today sign the ownership agreement which signals the start of the construction phase for the 730 kilometre interconnector between UK and Norway.
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On 13 October, the Norwegian Ministry of Petroleum and Energy granted Statnett a licence to construct an interconnector linking Norway and the UK. This is an important milestone in the project’s development.
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