SSEN Transmission picks preferred bidder for Shetland 2 subsea cable [Yahoo! Finance]
SUMITOMO ELEC INDUS ADR (SMTOY)
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Source: Yahoo! Finance
The requirement for a second HVDC link running from Shetland to the main Great Britain transmission system has been confirmed by the independent electric system operator National Grid ESO as part of its "Beyond 2030" strategic network plan for Britain. The plan outlines an investment of £5bn by SSEN in the north of Scotland by 2035 to bolster the region's energy infrastructure. The 330km Shetland 2 HVDC cable will connect ScotWind's offshore wind farms to the UK power grid, adding a further 1.8GW of capacity. SSEN Transmission managing director Rob McDonald stated: “We are delighted to reach preferred bidder status with Sumitomo Electric Industries and its subsea cable delivery partner, Van Oord Offshore Wind UK, for the manufacturer and installation of the Shetland 2 HVDC subsea link.” Japanese electric cables and optic fibre manufacturer Sumitomo Electric has also broken ground on a subsea transmission cable factory in Nigg, Scotland. The facility will critically reinforc
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