Viking Link Approved
- Business & Finance
National Grid and Energinet have entered a joint ownership and operations agreement (JOOA) to construct and operate the Viking Link – a 760 kilometer long, electricity interconnector between Bicker Fen in Lincolnshire, Great Britain and Revsing in southern Jutland, Denmark.
Viking Link is now in a position to place contracts for the construction of the interconnector after the required consents and licenses have been achieved.
National Grid and Energinet hold a 50/50 share of Viking Link, with the total value of the project valued at approximately 2 billion Euros.
Over the coming months, Viking Link will be busy working with interested parties to progress land agreements in Great Britain and in Denmark.
A competitive procurement process for the construction of the link is well underway, with contracts scheduled to be awarded Q2 2019.