Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
ENTSO‑E's TYNDP 2016 record stated that the UK 'cap and floor' revenue regime had been awarded for Viking Link, indicating that Ofgem had approved a regulatory revenue framework for the project. The cap‑and‑floor arrangement provided investor revenue certainty for cross‑border interconnector construction and operation, supporting project financing and permitting by setting floors and caps on allowed revenues over the asset life.