Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
National Grid IFA2 Limited (NGIFA2) took its final investment decision on 9 November 2016 for its 50% share of the 1,000 MW IFA2 HVDC interconnector between Chilling (GB) and Tourbe (France). The FID date was used as the basis for key financial parameters in Ofgem’s cap-and-floor model (for example the IDC and return benchmarks) that informed the project’s provisional cap and floor levels set at the FPA stage.