Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Greenlink Interconnector Limited reached financial close on 21 March 2022 to fund construction of the 500 MW subsea and underground interconnector. Partners Group, the project owner, secured debt financing from a consortium of banks to fund construction; the transaction underpinned a total investment of over €500 million and enabled award of the EPC contract to a Siemens Energy / Sumitomo Electric consortium and the start of onshore works in Wexford and Pembrokeshire.