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Transactions - MAY 21, 2021

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Hecate Independent Power launches power cable plant in U.K.

by Released

Hecate Independent Power (HIP) has launched its HIP Atlantic Project for installing 10,000 megawatts of fixed and floating wind turbines in the North Atlantic.

These will be connected to the United Kingdom by long-length, high-capacity, high-voltage direct current (HVDC) submarine power transmission cables. The cables will be manufactured in the United Kingdom at a £200 million ($277 million) power cable plant, to be built at a port in the northeast of England. The total project cost is estimated at £21 billion ($30 billion).

HIP has lodged four connection applications with National Grid Company for an initial 4,000 megawatts of grid connections to the United Kingdom's 400-kilovolt electricity transmission system across four connection sites. Each wind farm — or pod — will be in a different North Atlantic location, and each pod consisting of 1,000 megawatts of wind turbines will have its own dedicated cable linked to the United Kingdom. Full dispatch of the HIP o

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