National Grid and Energinet sign joint venture agreement to deliver Viking Link
Viking Link project partners, National Grid and Energinet are pleased to announce that they have entered a Joint Ownership and Operations Agreement (JOOA) to construct and operate a 760km long, high voltage direct current electricity interconnector between Bicker Fen in Lincolnshire, Great Britain and Revsing in southern Jutland, Denmark.
The agreement is a significant milestone for the project, as it sets out detailed governance arrangements for delivery and operation of the link.
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.
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.
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.
Picture from Left to right:
Front row: Henrik Riis (EN), Andrew McIntosh (NG), Søren Damsgaard Mikkelsen (EN),
Middle row: Terry McCormick (NG), Charlotte Lund (EN), Zoe Morrissey (NG), Zac Richardson (NG)
Back row: Klaus Storgaard (EN), Jon Butterworth (NG), Torben Glar Nielsen (EN), Henrik Farmann (EN).