Next spring the energy provider Energinet.dk will launch seabed tests with a view to laying a 740 km energy cable to the UK.
The cable, which will cost about 15 billion kroner, will be jointly established by Energinet.dk and the international electricity and gas company National Grid, which is based in the UK and the east coast of the US.
“We have a really nice co-operation with the British and are very positive regarding realising the project,” Torben Glar Nielsen, the technical head of Energinet.dk, told Ingeniøren newspaper. “We’re really positive we will announce to the board that we will go ahead with the seabed testing.”
“It’s a really good deal for Denmark because it allows us to export energy to the British market, where the energy prices are generally higher than in Denmark.”
The link, named Viking Link, will be ready to transport 1,400 MW of energy between the two nations sometime in 2022.
The 15 billion kroner bill will be footed by Energinet.dk and National Grid, which will both pay half each and must be approved by the boards of both companies before the project can commence.
That is expected to occur sometime in 2017 or 2018, after which cable ships could start laying down the cable as early as 2020.