The European Investment Bank (EIB) has approved a licence granted to Blue Transmission Walney 1 Limited and funded approximately half the cost of buying a transmission link to connect offshore wind farms in the Irish Sea to land for 20 years.

Ofgem E-Serve, the UK's energy regulator's business focused on environmental programmes and sustainable projects, gave a licence to Walney 1 so that the company could purchase and operate an offshore transmission link from three companies&m...

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