ScottishPower secures £600m National Wealth Fund loan for subsea power link project

Michael Holder
clock • 4 min read
Credit: iStock
Image:

Credit: iStock

Interconnector cable linking Scotland's abundant wind power with homes and businesses England is earmarked to come online in 2034

ScottishPower has secured £600m in financing from the National Wealth Fund to support the Eastern Green Link 4 interconnector project, which is set to deliver a 530 kilometre subsea cable linking Scotland's...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Infrastructure

'Clean power is the future our public wants': Brits back clean energy transition, regardless of concerns over visual impacts

'Clean power is the future our public wants': Brits back clean energy transition, regardless of concerns over visual impacts

Polling shows the British public place higher importance on new infrastructure capable of boosting energy security, than on the visual impact arising from new clean energy projects

clock 22 May 2026 • 3 min read
Government announces multi-million pound heat network investment

Government announces multi-million pound heat network investment

Government pledges to invest £15m in improving existing heat networks, alongside £25m in new heat network projects

clock 20 May 2026 • 2 min read
Deep Green gets green light for Bradford heat-reuse data centre

Deep Green gets green light for Bradford heat-reuse data centre

Data centre expected to reduce carbon emissions by over 4,500 tonnes a year by harnessing waste heat for use in Bradford's local heat network

clock 15 May 2026 • 3 min read