National Grid plc seals £3 billion Eastern Green Link 4 contracts ahead of RIIO-3 start
National Grid and SP Energy Networks confirmed £3 billion in supply-chain contracts for Eastern Green Link 4, a 2-gigawatt subsea power link between Scotland and England. Siemens Energy will supply converter stations and Prysmian the cable system. The announcement comes as Britain enters a new five-year price-control period for network owners on April 1. Construction on EGL4 remains subject to planning consent.