Energy News – Late March 2024
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The National Grid’s Electricity System Operator (ESO) has unveiled a new £60bn investment plan to fast-track Britain’s transition to a net-zero power grid by 2035 by boosting clean energy jobs and growing the offshore wind sector.
The new £58bn investment plan proposes a set of financial levers that would enable the electricity grid to meet growing demand while decarbonising to ensure the Government’s commitment to a net-zero power grid is met. The plan would seek to connect an additional 21GW of offshore wind off the coast of Scotland to the grid in an efficient and coordinated way, delivering a world-leading offshore wind sector with more than 86GW of capacity
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A provisional funding package of £3.4bn has been revealed for a proposed subsea and underground 500km “electricity superhighway” between Scotland and Yorkshire, which could power up to two million homes. Eastern Green Link 2 (EGL2) is a proposed 2GW high voltage electricity cable link between Peterhead in Aberdeenshire and Drax in North Yorkshire. Most of the cable (around 436km) will be under the North Sea with the remaining 70km buried underground onshore
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