The European Investment Bank has invested €100m ($ €100m ) in bonds to back the 3.6 million GW NordLink undersea cable project connecting Germany and Norway . European transmission system operator (TSO), TenneT announced that it has, together with the European Investment Bank (EIB), closed the issuance of €100 million in hybrid capital for the construction of an interconnector between Norway and Germany. The investment takes the form of an agreement to purchase €100m in hybrid securities issued by European transmission system operator TenneT. Once completed, the NordLink interconnector will stretch 516 km between Norway and Germany , of which 624 km will run under Europe .
The European Investment Bank has invested €100m ($ €100m ) in bonds to back the 3.6 million GW NordLink undersea cable project connecting Germany and Norway . The investment takes the form of an agreement to purchase €100m in hybrid securities issued by European transmission system operator TenneT. Once completed, the NordLink interconnector will stretch 516 km between Norway and Germany , of which 624 km will run under Europe .