Partners Group takes full ownership of 500 MW Greenlink interconnector transmission project

Partners Group has become the sole shareholder in Greenlink Interconnector Limited, after acquiring a 51% stake from Element Power.

Greenlink will use a subsea high-voltage direct current (HVDC) cable system to connect the power markets of Ireland and Great Britain, improving the security of electricity supply in both countries and reducing average electricity costs for consumers. It will stretch approximately 190km underground and under the sea between County Wexford in Ireland and Pembrokeshire in Wales. The project is considered of critical importance in Europe and has been awarded "Project of Common Interest" status by the European Commission as well as granted funding from the EU's Innovation and Networks Executive Agency.

Onshore and offshore planning consents have been secured for the project in Wales, and Greenlink is on track to start construction before the end of 2021.