Boris Johnson and Angela Merkel outline support for first ever UK-German energy link as global investors commit to deliver £1.4bn NeuConnect project

• New interconnector will connect UK and German electricity markets for first time, delivering significant carbon reductions and consumer benefits

• NeuConnect project reaches key milestones as new German laws are passed and UK licence is secured

Plans to connect the UK and German energy markets for the first time received a significant boost today, with UK Prime Minister Boris Johnson and German Chancellor Angela Merkel outlining their support for the NeuConnect project, and NeuConnect’s global investors reiterating their firm commitment to deliver the vital new energy link between two of Europe’s largest energy markets.

Led by global investors Meridiam, Allianz Capital Partners and Kansai Electric Power, NeuConnect is a £1.4bn privately-financed interconnector that will create the first direct link between UK and German electricity networks, helping deliver a more resilient and sustainable electricity supply, while also helping to lower costs for consumers.

As part of today’s visit to the UK by German Chancellor Angela Merkel to meet with UK Prime Minister Boris Johnson, the two leaders will speak of the NeuConnect project with the Prime Minister’s official statement saying: