The UK’s energy regulator Ofgem on Friday awarded a $2.5 billion (£2 billion) funding package for a subsea and underground cable between Scotland and northern England that would give North Sea wind farms additional access to the grid. “The project will reduce Great Britain’s reliance on volatile international gas markets by further harnessing the power of homegrown North Sea wind,” the regulator said in a statement. Currently, the system operator has to often compensate UK power generating companies when they are asked to turn off production during times of high wind due to lack of grid capacity. The first of these project to reach the milestone was Eastern Green Link 2 (EGL2), a subsea and underground cable project between Scotland and Yorkshire in England that could power up to 2 million British homes. Earlier this year, Ofgem approved a $4.3 billion (£3.4 billion) funding to the EGL2 project.

Source: The North Africa Journal November 16, 2024 00:30 UTC