TenneT, Statnett and KfW have begun work on the German converter station for the NordLink subsea cable project.
NordLink is the first interconnector to offer a direct link between the Norwegian and German energy markets.
The link will include a 623km-long, high-voltage direct current transmission (HVDC) — 516km of which is subsea cable.
The project, valued between €1.5 and €2bn, will be delivered by the Norwegian company TSO Statnett and DC Nordseekabel. TenneT TSO and German promotional bank KfW have 50% shares each in DC Nordseekabel.
TenneT executive board member Lex Hartman said: “NordLink connects two perfectly complementary systems for the exchange of renewable energy: German wind and solar power, on one side, and Norwegian hydropower, on the other.
“Projects like NordLink make an integrated European energy market possible. To ensure that energy is directed to where it is needed. Easily, safely, and eco-efficiently.”
Statnett executive vice president Hakon Borgen said: “When there is a surplus of hydropower in Norway, we can export this to Germany and create value. When there is a demand for more power, especially during dry and cold seasons, Norwegian consumers will profit because we can import German wind and solar power for a reasonable price.”
NordLink will have a capacity of 1,400 MW, and is expected to be operational in 2020.