๐โก UK Approves $2.5B Subsea Cable to Boost Clean Energy ๐ฌ๏ธ๐ฌ๐ง

The UK energy regulator, Ofgem, has greenlit a ยฃ2 billion ($2.5 billion) funding package for the Eastern Green Link 1 (EGL1) project. This ambitious initiative will create nearly 200 kilometers (124 miles) of subsea and underground cables, connecting Scotland to northeast England.
๐ง๐ต๐ฒ ๐ฝ๐ฟ๐ผ๐ท๐ฒ๐ฐ๐ ๐ฎ๐ถ๐บ๐ ๐๐ผ:
- Reduce reliance on volatile gas markets by tapping into North Sea wind energy.
- Support Britainโs 2030 clean power goal with expanded renewable energy infrastructure.
Approved via Ofgem's new fast-track process, EGL1 includes safeguards to ensure cost efficiency while accelerating the transition to a cleaner energy future. ๐๐
EnergyTransition
UKEnergy
SustainableEnergy
CleanEnergy
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