Business Secratary Kwasi Kwarteng poured cold water on the project that would have linked Britain with the EU. Mr Kwarteng rejected that applicatio
Business Secratary Kwasi Kwarteng poured cold water on the project that would have linked Britain with the EU.
Mr Kwarteng rejected that application from investment firm Aquind, which seeked to connect the British and French grids to make nergy markets more efficient.
Last month, Britain’s energy regulator launched a new round of investment bids to build the sub-sea cables.
Ofgem claimed the plans would help boost national energy security and electrification plans.
These could help the UK reach its climate goals, Ofgem has claimed.
This is a breaking story. More to follow.
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