Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Ofgem issued its final project assessment decision for EGL2, confirming final approval of the project costs and enabling construction to proceed. National Grid and SSEN Transmission stated that the decision was the key final regulatory approval required to start construction and allow cost recovery through the regulatory mechanism; the project was described as a c.£4.3bn investment. The decision enabled on‑site enabling works and contract mobilisation with named suppliers (for example Prysmian and Hitachi Energy) and was publicly described by the joint venture as the ‘go‑ahead’ for the subsea connection.