Greenlink interconnector project secures investment from Partners Group

14/03/2019 10:34 Electricity Market

news

Partners Group has acquired an undisclosed stake on the behalf of its clients in the Greenlink interconnector project, a proposed 500MW power interconnector, which will link the Irish and the UK power markets.

Element Power and its owner Hudson Sustainable Investments will retain the remaining stake in the Greenlink interconnector project, which will be a subsea and underground high voltage direct current (HVDC) interconnector.

 

A financial close and the start of construction of the €400m interconnector project are expected to be achieved in the second half of 2020. The project is slated to be commissioned in 2023 following construction for about three years.

 

The Greenlink interconnector project will be laid nearly 200km underground and under the sea between County Wexford in Ireland and Pembrokeshire in Wales.

Source: compelo.com

Daily (16.05.2019): British forward gas prices rose by almost 2% on Wednesday, tracking the bullish trend in oil prices

16/05/2019 10:36:00

Crude oil prices rose on Wednesday, due to the conflict in the Middle East that could disturb global supplies. Meanwhile, a surprise rise in U.S. crude stocks limited the gains. Brent crude climbed by 0.7% to $71.77 a barrel, while WTI futures settled 0.4% up at $62.02 a barrel.

<READ MORE

Gazprom confirms first gas via TurkStream by December

16/05/2019 09:15:00

Russia's Gazprom expects to send its first gas through the TurkStream natural gas pipeline to Turkey by the end of December, Gazprom's deputy chairman Vitaly Markelov said late Tuesday.

READ MORE

GE Steam Power and partners synchronize 900MW power unit to Polish grid

16/05/2019 09:03:00

GE Steam Power, Polska Grupa Energetyczna (PGE) and the GE-led consortium partners have synchronized the Opole Unit 6, with 900MW generating capacity, to the Polish grid.

READ MORE