Partners Group has provided equity financing for the Greenlink Interconnector, a project to construct a 500 MW subsea interconnector between Ireland and Great Britain. To-date, Greenlink has been developed by Element Power, together with funds managed by Hudson Sustainable Investments, the other major shareholder in Greenlink.
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 200km underground and under the sea between County Wexford in Ireland and Pembrokeshire in Wales.
Construction is scheduled to commence in 2020 and is expected to be completed by 2023.
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