SSEN Transmission has announced a GBP1bn (€1.1bn), 12-year bank facility backed by an GBP800m (€913m) financial guarantee from the UK Government’s National Wealth Fund, which will support four major grid upgrade projects under way in the north of Scotland (United Kingdom) (SSE press release, 19/12/2025). The projects include SSEN Transmission’s Skye Reinforcement, Argyll and Kintyre 275kV Strategy, and the Orkney Connection as well as the jointly developed venture Eastern Green Link 2 (EGL2). Most notably, EGL2 is a proposed 505 km electricity superhighway connecting Peterhead in Aberdeenshire (Scotland) and Drax in North Yorkshire (England) with a capacity of 2 GW. Construction is underway and commissioning is scheduled for SSEN Transmission is 75% owned by the power generation company SSE.