Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
NeuConnect reached financial close in 2022, securing around €2.8 billion (£2.4 billion) of private investment from a consortium of more than 20 international banks and financial institutions, including the European Investment Bank and Japan Bank for International Cooperation. This project-finance package enables construction of the 725 km, 1.4 GW HVDC interconnector between the Isle of Grain in Kent and Wilhelmshaven in northern Germany.