By Nikolaus J. Kurmayer | Euractiv.de Est. 2min 27-05-2021 (updated: 28-05-2021 ) Norwegian Prime Minister Erna Solberg and German Chancellor Angela Merkel during the official opening of NordLink, the first power connection between Norway and Germany. [EPA-EFE/Gorm Kallestad] Euractiv is part of the Trust Project >>> Languages: DeutschPrint Email Facebook X LinkedIn WhatsApp Telegram Europe’s longest ever underwater electricity cable was inaugurated on Thursday (27 May) by German Chancellor Angela Merkel and Norwegian Prime Minister Erna Solberg, marking the completion of the landmark €1.8 billion NordLink project linking the two countries’ grids. The record-breaking 634-kilometre-long cable was built by a consortium of Norwegian state energy company Statnett, Dutch and German grid operator TenneT and German state-owned development bank KfW IPEX. The cable, with a potential capacity of 1,400 megawatts (MW), will allow Norway to export excess hydroelectricity to Germany, and Germany to sell excess wind power to Norway. “Climate protection is something that can only be achieved internationally,” said Daniel Günther, premier of the northern German state of Schleswig-Holstein, adding that his state had lost €380 million this year already on electricity that was produced but had no buyer. NordLink will not be the continent’s largest cable of its kind for long. An even longer underwater electricity cable is currently being built between the UK and Norway, set to come online later this year. Domestic critics Not everyone has greeted the project as warmly. Norwegian consumers are not enthused by the prospect of electricity prices in Norway rising closer to those in Germany. The project foresees “prices closing in on each other”, said chief of operations at TenneT, Tim Meyerjürgens. In Germany, however, NordLink has been largely greeted by a public weary of large scale infrastructure projects finishing late and massively over budget. The project’s promise to increase energy security has also been welcomed, as Germany’s rapid phase-out of nuclear power has prompted increasingly urgent questions as to the future stability of the country’s energy supply. [Edited by Josie Le Blond] Read more with Euractiv EU to target industry, transport in renewable energy rulesAn upcoming overhaul of European Union renewable energy regulations will include measures targeting transport and industry, where the use of emissions-free energy sources are lagging, the bloc's energy policy chief said on Wednesday (26 May). Subscribe now to our newsletter EU Elections Decoded Email Address * Politics Newsletters