EIB Funds Humber Gateway Offshore Transmission Link

The European Investment Bank has agreed to provide GBP 82 million (USD 109.3 million) for the purchase, operation and maintenance of a new electricity transmission connection between the Humber Gateway offshore wind farm and the UK national electricity network.

The new Humber Gateway transmission link will connect the 73 turbine 220 MW Humber Gateway wind farm to the mainland transmission grid at Hedon, and includes an onshore substation in Hull an offshore substation and 40 km of mostly undersea cables.

“Investment to harness the UK’s offshore wind resources provides clean energy and is creating thousands of skilled jobs across the country. Offshore transmission connections are a key part of the UK’s future energy infrastructure and the European Investment Bank is pleased to support significant new investment to connect the Humber Gateway wind farm to the national network. This new scheme represents the tenth UK offshore transmission link supported by Europe’s long-term lending institution over the last 5 years,” said Jonathan Taylor, European Investment Bank VP.

The 19 year long-term EIB loan will be provided to Humber Gateway OFTO Ltd and the consortium behind the transmission link project comprises Balfour Beatty and Equitix.

Share this article

Follow Subsea World News

Events>

<< Sep 2017 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

SUBSEA POWER CABLES

2-day seminar covering best practice and emerging technologies for cost-efficient subsea cable projects from conception to installation…

read more >

EEMUA subsea engineering course: materials selection and corrosion control

This two and a half day training course is recommended for both discipline and project focused engineers from a variety of backgrounds…

read more >

FUTURE OIL & GAS

Join senior executives from oil and gas majors, service companies, technology suppliers and industry experts at this year’s premier event…

read more >

Kuwait Oil & Gas Show

Kuwait Oil & Gas Show is the Kuwait International Fair Ground in Kuwait City, Kuwait. This event showcases product from Chemicals & Dyes, Electronics & Electrical Goods, Hand, Machine & Garden Tools, Petroleum, Oil & Gas, Power & Renewable Energy industries. More info

read more >