Financial TimesFinancial Times

Will there be enough cables for the clean energy transition?

By Rachel Millard and Felix Wallis

30 Jul 2023 · 9 min read

Crossing more than 700km of seabed between the Isle of Grain, south-east England, and Fedderwarden, north-west Germany, the planned NeuConnect electricity cable will enable the two G7 economies to trade electricity directly for the first time.

The £2.4bn project is one of several long-distance, cross-border cables, known as interconnectors, being developed around the world as the shift away from fossil fuels fosters a new era of international energy trading. 

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