CPP is investing 1 billion Canadian dollars (620 million euros) to acquire a majority stake in the project. Elia’s investment, via its international development platform WindGrid, takes the form of “a minority interest corresponding to an indirect participation of 25 per cent,” it states.
“As the energy transition requires significant investments in grid infrastructure, projects like Tarchon will contribute to a more resilient and better interconnected European electricity system,” said Elia. Tarchon will be a 1.4 GW high-voltage direct current (HVDC) link between the United Kingdom and Germany.
The infrastructure aims to strengthen cross-border electricity exchange, improve supply security, and enable efficient integration of renewable energy across various markets.
The initial translation of this content was generated by AI. All facts, context, and language have subsequently been verified and validated by a human editorial team.
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