Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 17 July 2025 National Grid Electricity Transmission and SP Energy Networks signed a joint venture to deliver Eastern Green Link 4 (EGL4). The JV formalised the two transmission owners’ partnership to develop, procure and deliver the proposed 2GW HVDC subsea link between Fife (Kinghorn) and West Norfolk (Walpole), and to progress associated planning and consenting activity in Scotland and England. The announcement accompanied the selection of Siemens Energy as preferred bidder for the two HVDC converter stations. Construction was expected to begin in 2029 with operation targeted for 2033.