U.K. Power Cable Signs Agreement With French Grid Amid Brexit
- Britain’s exit from EU may spur trade tariffs in energy
- Aquind to join 9 other projects seeking to boost connections
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Aquind Ltd. signed an accord with Reseau de Transport d’Electricite SA to connect a power cable with the French grid, even as the U.K.’s exit from the European Union poses risks for the project.
The 1.1 billion-pound ($1.4 billion) two-way interconnector will be able to deliver 2 gigawatts of capacity, or enough to supply about 4 million homes, Wallsend, England-based Aquind said in an emailed statement. It’s due to be completed in 2022 and now holds connection deals in both countries, it said.