Renewable energy deals across Europe continue to dominate headlines as the European Commission continues to push toward its goal of reducing net greenhouse gas emissions by 90 percent by 2040, relative to 1990.

Crossing the billion-dollar mark was Partners Group’s recent agreement to sell Greenlink Interconnector, a 504-megawatt subsea electricity interconnector linking Great Britain and Ireland, to Equitix and Baltic Cable AB. The transaction values Greenlink at more than €1 billion ($1.1 billion).

Interconnectors are critical to power markets across Europe and are a key enabler for the energy transition. Greenlink delivers a significant expansion in capacity between Great Britain and Ireland, increasing the markets’ security of supply, promoting energy efficiency and facilitating economic competitiveness while supporting decarbonization.

Another notable transaction involving Equitix was its agreement, in a consortium with Kyuden International Corp. and K