From 2028, a 725-kilometre energy link will connect the UK and Germany. On the German side, the cable will land in Wilhelmshaven - only about 200 kilometers from Talanx’s headquarters in Hannover. 1.4 gigawatts can flow through this underwater connection in either direction - supplying 1.5 million households with energy. Electricity generated from renewable energy sources will also be fed into the subsea cables - saving more than 13 megatonnes of CO2 emissions in 25 years.
Worldwide NeuConnect is one of the largest projects of its kind and for the first time establishes a direct link between the British and German energy markets. As a result, there will be a significant increase in energy security and resilience for both countries.
In the financial closing, a consortium of more than 20 national and international financial institutions agreed to the joint financing, through the provision of Green Loans as assessed by a third-party provider. Talanx Group is represented by Ampega Asset Management as the largest commercial lender in EUR – and thus, commits to sustainable energy infrastructure and energy security.