01 February 2024
The Nemo Link interconnector celebrates its fifth anniversary with an outstanding operational and commercial performance, leading to the reimbursement of over €200 million to consumers in both the UK and Belgium
Elia Transmission Belgium and National Grid Ventures (Great Britain) celebrated the fifth anniversary of the commissioning of their subsea interconnector - Nemo Link - in the presence of the Belgian Energy Minister Tinne Van der Straeten.
Nemo Link connects Bruges in Belgium to Richborough on the English coast. The interconnector was commissioned on 31 January 2019, enabling electricity to be exchanged in both directions. The interconnector increases the opportunities for both countries to exchange renewable energy surpluses they have generated with each other and provides them with a greater amount of flexibility. With a capacity of 1,000 MW, Nemo Link also helps to facilitate security of supply and balance out electricity grids while limiting price spikes. The interconnector's operational performance during its first five years is among the best in the world for its type of asset. Since its commissioning, Nemo Link has saved 1.4 million tonnes of carbon. Its capacity can be used to supply a city of 1 million residents with electricity.
- Nemo Link was commissioned five years ago to enable the exchange of up to 1,000 MW of electricity between the UK and Belgium. Today, Nemo Link is one of the most efficient interconnectors of its type in the world.
- The HVDC subsea interconnector, which stretches across a distance of 140 km, has an availability rate of 99.5% and it has enabled the exchange of 29.6 TWh between both countries. It supports security of supply and offers up more opportunities for grid balancing and increasing socioeconomic gains.
- Nemo Link also strengthens international cooperation, which will be essential for the decarbonisation of Europe.
The interconnector facilitates the integration of the European electricity market and the exchange of renewable energy over a vast geographical area.
- Due to its cap and floor regulatory model and given its outstanding commercial performance over the past five years, over €200 million will be returned to consumers in both the UK and BE.