Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
At the North Sea Summit in Hamburg on 26 January 2026, German Energy Minister Katherina Reiche and Danish Climate and Energy Minister Lars Aagaard concluded an investment agreement for the Bornholm Energy Island hybrid interconnector, confirming a shared-cost financing model between Germany and Denmark. Under this deal, the countries will jointly fund construction of the electricity hub on Bornholm and associated subsea and onshore links, including a 2 GW cable from Bornholm to a new German substation in Vorpommern‑Greifswald and a 1.2 GW cable to Zealand in Denmark, with implementation entrusted to TSOs Energinet and 50Hertz and supported by €645 million in EU CEF funding.