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Groupe Eurotunnel to acquire 100 per cent of ElecLink from STAR Capital

Groupe Eurotunnel is to purchase STAR Capital’s 51% per cent share of ElecLink. The transaction is subject to certain closing conditions. Once concluded, Groupe Eurotunnel will hold 100 per cent of ElecLink. 

eleclink is a cross-channel electricity interconnector that will be positioned within the service tunnel of the Channel Tunnels. When completed, the interconnector will be capable of carrying 1000MW of electricity via two 500MW strands.
 
With the UK’s power requirements increasingly relying on unpredictable renewable energy sources (ie Wind), the interconnector will play an important role in providing additional capacity to the UK’s Grid by tapping into Continental Europe’s electricity network and generating capacity.

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