Business News
Germany and Norway to share renewable energy via giant power cable
Apr 7, 2010, 15:15 GMT
Berlin - A huge power cable linking Germany and Norway is to enable an exchange of wind and hydroelectric power between the two countries starting in 2015, Germany's Federal Network Agency said on Wednesday.
Norwegian-Swiss consortium NorGer had applied for the trading permit, according to a spokesman for the agency, which regulates Germany's power grid.
The project is to cost around 1.4 billion euros (1.9 billion dollars).
The cable, spanning from Flekkefjord in southern Norway to Wilhelmshaven in northern Germany, is to have a capacity of 1,400 megawatts - the equivalent of a large power station.
During periods of low demand, the cable will conduct German wind energy to hydroelectric power stations in Norway, who would in turn send excess energy to Germany during peak production times.
There are currently plans for numerous wind farms to be built in the North Sea. However, wind energy varies greatly with the weather conditions and is hard to store.
As a result, wind-generated energy needs to be aggregated in order to provide a reliable source of power.
Germany hopes to build a giant electricity grid together with eight European countries to further develop wind energy. The billion- euro project is in its early stages.
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