Ofgem Invites Bids for More Subsea Power Cables to Europe
- New interconnectors to boost existing 7.4GW of capacity
- Ofgem to pilot plans for multi-purpose interconnectors
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The U.K.’s energy regulator is inviting bids to build more high-voltage cables to connect the country’s electricity grid to the European continent.
Ofgem is launching a new round of investment bids to build the sub-sea cables, according to a statement published Monday. The regulator says the plans will help boost national energy security and electrification plans which could help the U.K. reach its climate goals.