British energy regulator, Ofgem, has cleared the 2 GW electricity “Superhighway” from Scotland to Yorkshire (UK) as its first project under its Accelerated Strategic Transmission Investment (ASTI) scheme to boost grid capacity. The Eastern Green Link 2 (EGL2) is the first of 26 projects to complete a fast-track process to secure funding through the ASTI framework, awarding it a GBP3.4bn funding package to build a proposed new subsea and underground 500km cable between Scotland and Yorkshire (UK) to deliver a 2 GW high voltage electricity “superhighway” cable link which could power up to 2 million homes. The ASTI programme accelerates the funding process by up to two years, allowing electricity generated by the project to be delivered to the market sooner.
Ofgem’s ASTI programme has been designed to fast track the onshore transmission regulatory funding approval process to hit clean energy targets. The United Kingdom aims to decarbonise the electricity sector by 2030 and to develop up to 50 GW of offshore wind by 2030.
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