Ofgem Approves New Subsea Power Links to Boost UK Energy Security
The regulator's decision supports Britain's transition to a net exporter of green electricity by the 2030s through enhanced interconnectivity.
- Ofgem has approved five new subsea interconnector projects linking Great Britain with Ireland, Germany, the Netherlands, and Belgium.
- The projects will increase Britain's interconnector capacity from 11.7 GW to 18 GW by 2032, enabling the export of surplus clean energy.
- These interconnectors will support the UK's shift to a renewable energy system, reducing reliance on volatile gas markets.
- The approved projects will add an estimated £2 to £5 annually to consumer electricity bills in Great Britain from 2030 to 2035.
- The initiatives are part of the UK's broader strategy to leverage offshore wind farms and become a leader in green energy exports.