Iberdrola Drives UK’s Energy Transition with £1.8 Billion Project
Iberdrola, through its distribution subsidiary in the UK –ScottishPower Energy Networks-, is making progress in the execution of what will be the first high-capacity cable project on the east coast of the country, which will link England and Scotland.
Eastern Green Link 1 (EGL1), a joint venture between ScottishPower Energy Networks and National Grid Electricity Transmission, has awarded the first contracts worth £1.8 billion (around €2.1 billion) to Prysmian Group, which will supply almost 400 km of power cable, and GE Vernova and MYTILINEOS Energy & Metals, which will provide two HVDC substations, one at each end of the cable.
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These awards mark an important milestone for the project, with the design phase due to begin in 2024 and construction in 2025. This 190-kilometre electric superhighway is valued at £2.5 billion and will carry enough green energy to power more than two million homes across the UK.
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