CRE PUBLISHES DECISION ON INVESTMENT REQUEST
The Commission de Régulation de l’Énergie (CRE has published DELIBERATION NO. 2022-12 Deliberation of the French Energy Regulatory Commission of 19 January 2022 deciding on the investment request submitted by GridLink Interconnector Limited. CRE has rejected GridLink’s investment request submitted under Article 12 of Regulation (EU) No 347/2013.
GridLink is disappointed at the decision by CRE, given that there is a climate change crisis, need to integrate more renewable energy into the grid system, record-breaking gas and electricity prices, and concerns over security of supply in France and the UK. Interconnectors help to reduce electricity prices, enhance security of supply and reduce CO2 emissions, and GridLink will be one of the most cost-effective interconnectors in the world to help solve these problems.
GridLink is confident that it can address the issues raised by the CRE decision, and therefore remains committed to continue developing the project.