Germany’s $2.8 Billion Power Link With Norway Threatened
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Talks between Germany and Norway about how to boost the trading of electricity from renewable sources are being held up by concerns that the power cable running under the North Sea won’t ever make money.
Plans to build the 387-mile-long cable costing as much as 2 billion euros ($2.8 billion) are at risk because Norway’s state-owned Statnett SF is worried that the project won’t be profitable. Norway wants assurances from the German government that the works dubbed Nordlink will be part of a future capacity market that pays for backup power.