UK Approves New Cables to Europe to Boost Wind Power Exports - Bloomberg

Offshore wind turbines near Great Yarmouth, UK.

Energy regulator Ofgem approvedBloomberg Terminal five new subsea power links from Great Britain to the continent and Ireland as the country seeks to profit from a boom in wind capacity and become a net electricity exporter by the end of the decade.

The plans include as much as 4.6 gigawatts of new connections to Belgium, the Netherlands and Germany under the North Sea and about 1.5 gigawatts of connections to Ireland and Northern Ireland, the watchdog said in a statement. The nation is currently importing power from France on most days to help meet demand.