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Iberdrola Drives UK’s Energy Transition with £1.8 Billion Project

Iberdrola Drives UK’s Energy Transition with £1.8 Billion Project

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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.

Related Article: Iberdrola, Masdar to Invest €15 Billion in Offshore Wind and Green Hydrogen Projects Globally

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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