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 .
The European Investment Bank has invested €100m ($114) in bonds to back the 1.4 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 624 km between Norway and Germany, of which 516 km will run under the North Sea.