UK Regulator Approves $4.35 Billion Electricity Superhighway ...Middle East

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UK Regulator Approves $4.35 Billion Electricity Superhighway
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The UK’s energy regulator Ofgem has approved a $4.35 billion (£3.4 billion) funding to fast-track an electricity superhighway—a major subsea and underground cable project between Scotland and Yorkshire in England that could power up to 2 million British homes.  The funding package that Ofgem announced on Tuesday is part of the regulator’s Accelerated Strategic Transmission Investment (ASTI) framework, which is fast-tracking 26 major connection projects aimed at boosting the UK’s grid capacity. The expanded capacity…

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