GRIDLINK LAUNCHES PROJECT FINANCING

November 29, 2021

GridLink Interconnector Ltd has launched the process to obtain project financing for the GridLink Project.  Preliminary Information has been sent to prospective lenders to inform them about the Project, the Promoter, key technical parameters and commercial arrangements, and to invite expressions of interest and feedback on commercial terms.  The total cost of the GridLink Project is approximately €900 million, which will be funded by a combination of equity invested by GridLink’s owner and commercial banks.