Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
ASC Energy plans to invest about £30 million of development capital to progress the 1,794 MW Atlantic SuperConnection interconnector to Final Investment Decision, with the funding to be raised via a market placing offered to Global InterConnection Group shareholders in autumn 2024. This development capital raise is part of a wider financing plan that includes a £3.5 billion ‘highly interested’ letter of support from a leading investment bank and an intention to secure around £1.2 billion of equity for construction, complementing existing 2056 green bonds already listed by ASC Energy.