From NOT A LOT OF PEOPLE KNOW THAT
By Paul Homewood
Just another couple of billions of your money!
From OilPrice.Com
The UK’s energy regulator Ofgem on Friday awarded a $2.5 billion (£2 billion) funding package for a subsea and underground cable between Scotland and northern England that would give North Sea wind farms additional access to the grid.
Eastern Green Link 1 (EGL1) will be a high voltage electricity superhighway able to transport 2 gigawatts (GW) of UK wind-generated electricity between Torness, East Lothian and Hawthorn Pit, County Durham. Most of the 196 km (122 miles) cable will be under the North Sea, with the remaining cables underground linking the cable to substations and converter stations in Scotland and England.
“The project will reduce Great Britain’s reliance on volatile international gas markets by further harnessing the power of homegrown North Sea wind,” the regulator said in a statement.
Eastern Green Link 1 is the second of 26 critical energy projects, worth an estimated $25.3 billion (£20 billion), to successfully complete Ofgem’s new fast track Accelerated Strategic Transmission Investment (ASTI) framework, the regulator said
Forget the nonsense about “volatile gas markets”. Gas prices sometimes go up, and sometimes they go down. But apart from a few months in 2022, gas fired power has been consistently cheaper than wind.
In other words, we are going to have £20 billion added to our energy bills, in order to transmit expensive wind power!
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