Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

NordLink Cable System Gets Green Light

11/02/2015 by Sharon Shahzad

W1siziisijiwmtuvmdivmtevmtuvmzcvmdcvodiwl05vcmrftgluay5kuecixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

By signing the ownership agreement for the NordLink, the first high-capacity power cable between Norway and Germany, partners TenneT, Statnett, and KfW, which is represented by KfW IPEX-Bank, have made the final investment decision for the project.

The construction of the system will start as soon as contracts are signed with the contractors responsible for the production and installation of the cable and converter stations.

This is again a major step towards a more integrated European energy market, and an important contribution to the German energy transition. With this interconnector we can exchange energy between two complimentary energy systems, with Germany’s increasing production of wind power and solar power on one side, and Norway’s production from hydropower on the other,” said Mel Kroon, CEO of TenneT.

The signing is a very important step for all three partners. The interconnector will contribute to a climate friendly and efficient energy system for the future. It will increase security of the power supply for consumers and create value for producers on both sides of the interconnector. The Nordlink investment decision underlines our conviction that the future is electric,” said Statnett’s CEO, Auke Lont.

The NordLink interconnector is one of the major projects in the European energy sector, and will have a large impact on the European energy system. The financing of this project together with our partners is a cornerstone for the turnaround in the German energy market and an important project for KfW. We are proud to be part of it,” added Markus Scheer, member of the Management Board of KfW IPEX-Bank.

This article has been extracted from http://subseaworldnews.com, please click on this link to read the article in full http://subseaworldnews.com/2015/02/11/nordlink-cable-system-gets-green-light/

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP Recruitment, BI & Data Recruitment, Information Security Recruitment, IT Architecture & Strategy Recruitment , Energy Technology Recruitment, Demand IT and Business Engagement Recruitment, Digital and E-commerce Recruitment, Leadership Talent, Infrastructure and Service Delivery Recruitment, Project and Programme Delivery Recruitment.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdkvmjkvmdgvmtmvmjkvmjgyl1vudgl0bgvkigrlc2lnbiaomjuplmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Are PSLs a Blocker or an Enabler?

2017-10-02 11:00:00 +0100

The use of a Preferred Supplier List (PSL) was intended to support and strengthen relationships and performance between organisations and their third party suppliers. As the technical landscape continues to evolve at rapid rate recruitment and demand for new skills becomes more intense. Are PSLs still the solution or an obstacle to sourcing the right talent? The traditional PSL A dedicated list of partners intended to guarantee quality and availability ...

W1siziisijiwmtcvmdkvmjevmdgvndmvmduvmtmxl1vudgl0bgvkigrlc2lnbiaomjmplmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Why do we punish the victims of hacking?

2017-09-21 09:00:00 +0100

Hacks occur every 39 seconds, with 95% of them targeting governments, retailers and the tech industry. If the hackers are caught, they'll face prison time under the Computer Misuse Act. More often than not, the businesses who are victims of those attacks expose themselves to punishment of their own. The laws that determine the duty of protection owed to businesses and their customers is both vague and broad, making them question just how much protection...