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.
This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s control, affect Talanx AG’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.