Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
DELAYED +4yr (Apr 2026): No public evidence that Nautilus has reached Final Investment Decision (FID) as of early 2026, and National Grid’s Nov 2024 results plus Ofgem’s March 2024 OHA Initial Project Assessment show ongoing regulatory work and a minded‑to‑reject position for Nautilus, making the original 2024 FID target unrealistic. With COD now expected around 2031, a late‑2027 FID is a more realistic approximate timing. --- National Grid Ventures plans to take a Final Investment Decision (FID) on the Nautilus Interconnector project in 2024, subject to development consent being granted. Following FID, construction of the multi-purpose interconnector linking Great Britain and Belgium is expected to commence.