Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 21 January 2026 TI LirIC Limited awarded a Financial Advisory Services contract for the LirIC HVDC Interconnector to Macquarie Capital (Europe) Limited, with a contract value of £6.8 million including VAT. The award covers a competitive flexible procedure with two lots: Lot A (Debt Raising — the core requirement) spans financing preparation and bankability review, financial model and funding plan under cap and floor scenarios, lender search and adviser appointment, ECA financing strategy, data-room management and the competitive process through to documentation, financial close and post-close handover. Lot B (Equity Sell-Down or Capital Raise) is optional at TI's election and covers diligence, investor search, valuation, negotiation and completion support. The contract runs from 6 February 2026 to 30 September 2027, aligning with the project's stated financial-close target of Q3 2027 ahead of planned commissioning in 2032.