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ENERGY

Norway and UK complete world’s longest underwater sea cable

Norway and Britain have finished laying the world's longest subsea power cable, which will send wind and hydro energy between the two countries, Norwegian power grid operator Statnett announced Tuesday.

Norway and UK complete world's longest underwater sea cable
Offshore wind farm. Photo by Andrey Sharpilo on Unsplash

The 720-kilometre-long (447-mile-long) North Sea Link — all but four kilometres of it underwater — links Suldal in the southwest of the Scandinavian country to Blyth, near Newcastle.

The cable will deliver British wind energy to Norway, which will send hydropower to the UK in return, with testing set to start October 1.

The project is estimated to have cost between 1.5 billion and 2.0 billion euros ($1.8-$2.4 billion).

“When the wind blows in England and wind power production is high, we in Norway will be able to buy cheap electricity from the British and leave the water in our dam reservoirs,” said Statnett’s project manager Thor Anders Nummedal.

“When there is little wind and a greater need for electricity in England, they will in turn be able to buy hydroelectric power from us,” he said in a statement.

The power capacity of the new cable is 1,400 megawatts.

The coupling of the two sections, built simultaneously from the British and Norwegian sides, took place late Monday evening.

READ MORE: Norway sees oil in its future despite IEA’s warnings 

The construction had its share of technical challenges, including the need to build a special barge to run the cable under a Norwegian lake and the drilling of a 2.3-kilometre tunnel.

“This is an important cooperation between the UK and Norway to make the most of our joint renewable energy resources,” said Nigel Williams, project director at UK operator National Grid, which, like Statnett, owns 50 percent of the project.

The cable takes the crown of the longest underwater cable from Nordlink, which was inaugurated only last month and connects Norway and Germany, measuring 623 kilometres, with 516 kilometres of it underwater.

Already connected to France, Belgium, the Netherlands and Ireland, the UK is planning further direct connections with continental countries, including a 765-kilometre link with Denmark with a 621-kilometre stretch underwater.

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BUSINESS

France’s EDF hails €10billion profit, despite huge UK nuclear charge

French energy giant EDF has unveiled net profit of €10billion and cut its massive debt by increasing nuclear production after problems forced some plants offline.

France's EDF hails €10billion profit, despite huge UK nuclear charge

EDF hailed an “exceptional” year after its loss of €17.9billion in 2022.

Sales slipped 2.6 percent to €139.7billion , but the group managed to slice debt by €10billion euros to €54.4billion.

EDF said however that it had booked a €12.9 billion depreciation linked to difficulties at its Hinkley Point nuclear plant in Britain.

The charge includes €11.2 billion for Hinkley Point assets and €1.7billion at its British subsidiary, EDF Energy, the group explained.

EDF announced last month a fresh delay and additional costs for the giant project hit by repeated cost overruns.

“The year was marked by many events, in particular by the recovery of production and the company’s mobilisation around production recovery,” CEO Luc Remont told reporters.

EDF put its strong showing down to a strong operational performance, notably a significant increase in nuclear generation in France at a time of historically high prices.

That followed a drop in nuclear output in France in 2022. The group had to deal with stress corrosion problems at some reactors while also facing government orders to limit price rises.

The French reactors last year produced around 320.4 TWh, in the upper range of expectations.

Nuclear production had slid back in 2022 to 279 TWh, its lowest level in three decades, because of the corrosion problems and maintenance changes after
the Covid-19 pandemic.

Hinkley Point C is one of a small number of European Pressurised Reactors (EPRs) worldwide, an EDF-led design that has been plagued by cost overruns
running into billions of euros and years of construction delays.

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