Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
DELAYED +3mo (Apr 2026): Delayed from 2026-03-31 — original projection aligned with INELFE's 'Lemoniz landing: late 2024 to Q1 2026' window. REE's June 2025 press release confirms HDD started but completion has not been announced in any April 2026 source. Delayed to end Q2 2026 as conservative target. DELAYED +2mo (Apr 2026): Inelfe’s official Bay of Biscay works schedule states that the "Lemoniz landing" (Lemoiz landfall works on the Spanish side) will run from late 2024 to Q1 2026. Red Eléctrica’s June 2025 press release confirms that directional drilling for the subsea cable landfall at Lemoiz is already underway and that cable installation is expected to begin in about a year and continue until 2027. This supports the original completion horizon by early 2026 but does not justify an earlier fixed date of 2026‑01‑01. Adjusting the landfall completion milestone to 31 March 2026 aligns with the end of the stated Q1 2026 window while reflecting the actual drilling start in 2025. --- For the Spanish side of the Bay of Biscay interconnection, Inelfe plans to complete the Lemoiz landfall works between late 2024 and the first quarter of 2026. These works cover the horizontal directional drilling and associated shore‑crossing infrastructure that connect the buried onshore cables from Gatika to the start of the submarine section.