Viking Link and Brexit

 

On 23 June 2016, the UK voted to leave the European Union (EU).

The outcome of the referendum does not influence the plans to build and operate Viking Link between the UK and Denmark.

The project is a commercial venture which means that from a GB and Danish perspective, the project is unlikely to be affected as we believe it has a strong business case. Based on this commercial nature of the project, Viking Link will still benefit both countries by helping to provide a secure supply of affordable electricity to increase the market for producers, such as wind power generators and help the move towards more renewable and low carbon sources of energy.

National Grid recognizes that the UK benefits from having interconnection with neighboring energy markets and effective energy trading arrangements. Leaving the Internal Energy Market (IEM) would put these benefits at risk.

For more information on the result of the EU Referendum and it’s possible impact, please use the following links: 

What is Brexit?

UK Referendum on EU membership – National Grid external statement

Press Release - Viking Link and Brexit (August 2016)