Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
HSM Offshore Energy and partners state that construction of the Modular Offshore Grid 2 (MOG2) HVAC substations for Princess Elisabeth Island starts in May 2025, and Elia Group's Q1 2025 quarterly statement confirms that construction of the island's foundations and HVAC infrastructure is underway and progressing as planned, indicating that onshore construction began on schedule in May 2025.