National Grid plc seals £3 billion Eastern Green Link 4 contracts ahead of RIIO-3 start
National Grid plc and SP Energy Networks on Monday locked in £3 billion of major supply-chain deals for Eastern Green Link 4, a 2-gigawatt subsea cable project running between Scotland and England—one of five east coast links aimed at clearing grid congestion. Siemens Energy is tapped for the HVDC converter stations, while Prysmian will deliver the cable system. Timing is key here. Britain’s RIIO-3, the next five-year price-control cycle that determines how much network owners can earn, kicks off April 1. Earlier in the month, National Grid raised its investment target to at least £70 billion by March 2031, signed off on Ofgem’s RIIO-T3 transmission deal, and projected earnings-per-share growth between 13% and 15% for fiscal 2027. Chief Executive Zoë
