Equitix and Baltic Cable AB have signed an agreement with Partners Group to acquire Greenlink, a 504-megawatt electricity interconnector between Great Britain and Ireland.
In March, Partners Group, acting on behalf of its clients, announced its plans to sell Greenlink to the pair in a transaction valuing the company at more than €1 billion ($1.2 billion).
Greenlink is the first project-financed interconnector to be completed in Europe. Interconnectors are critical to power markets across Europe and are a key enabler for the energy transition.
Regulated by Ofgem and CRU, Greenlink delivers a significant expansion in interconnection capacity between the British and Irish markets, increasing their security of supply, promoting energy efficiency and facilitating economic competitiveness, while supporting decarbonization and the integration of
