Negative
Setback or risk materialised
High Impact
Major milestone or critical setback
In November 2024, Ofgem issued its Initial Project Assessment decision for Window 3 interconnectors, granting a cap and floor regime in principle to three projects but rejecting AQUIND’s 2 GW GB–France interconnector application due to concerns over high constraint costs and negative system impacts, meaning AQUIND did not secure cap and floor revenue support.