Negative
Setback or risk materialised
High Impact
Major milestone or critical setback
NU-Link effectively cancelled following Ofgem confirmation of cap and floor rejection on 12 November 2024 due to deliverability concerns. Ofgem stated that the developers had not submitted sufficient evidence to demonstrate the 1.2 GW GB-Netherlands interconnector could become operational by end of 2032. The project had previously had its revenue application declined in the same Window 3 Initial Project Assessment. No further development activity has been reported.