SSE pulls out of UK-Norway interconnector project

UK utility SSE has pulled out of a project to build a subsea interconnector between Scotland and Norway.

The company said it would no longer have any “financial involvement” in the 1400 MW NorthConnect project.

The companies withdrawal decision is part of its plan to ditch international investments and concentrate on the UK and Ireland.

In a statement the company added that its decision was also taken because of the “lack of short-term clarity on the regulatory regime surrounding interconnectors”.

The other backers of NorthConnect ” Vattenfall and Norwegian companies E-CO Energi, Agder Energi and Lyse ” remain committed to the project.à‚ 

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