London, 09 October 2023

Long waits for interconnector DCOs means missed financial and environmental opportunities

“It can be difficult not to feel frustrated at the opportunities missed by delays. Interconnectors like Aquind are a vital part of the energy transition, transporting intermittent renewable energy from where it is being generated to where it is needed. They also make energy markets more efficient by connecting a greater number of electricity sources to the grid, potentially reducing consumers’ energy bills.

Our project alone could be saving a million of tonnes of CO2a year (the equivalent of emissions from almost 600,000 fossil-fuelled cars). As capital costs become higher and the cost of construction and manufacturing becoming higher, delays mean opportunities to avoid these emissions have been irrevocably lost, investments are not made, jobs are not created, the Treasury and thus the public as a whole misses out on huge amounts of tax.”