Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 26 May 2020, Litgrid and PSE signed the Harmony Link Implementation Phase Cooperation Agreement, setting an estimated project value of about EUR 680 million and defining the financial and scope split whereby each TSO would fully fund the onshore cable and converter station in its own territory while sharing offshore cable costs 50/50, with Litgrid responsible for procuring the HVDC cable works and PSE for the HVDC converter stations.