Elia Group and CPP Investments Acquire Tarchon Interconnector Project
Elia Group and the Canada Pension Plan Investment Board (CPP Investments) have agreed to acquire the Tarchon interconnector, a high-voltage subsea electricity link between the UK and Germany. The project aims to deliver a 1.4GW HVDC cable that will support cross-border energy flows, enhance supply security, and facilitate renewable integration. CPP Investments is taking a majority stake with an investment of around C$1 billion, while Elia Group's WindGrid subsidiary holds a minority interest of 25%. The deal is expected to close by the end of 2026 after regulatory approvals in both countries. The Tarchon interconnector will enable up to 1.8GW of electricity transfer between the UK and Germany, potentially supplying power to as many as 1.9 million households. Both companies emphasized their commitment to long-term value creation and responsible infrastructure development through this partnership. Elia Group noted that its investment in Tarchon is relatively small compared to its broader energy initiatives.
Topics: Cross-Border Power Projects Energy Infrastructure HVDC Cables