Allianz invests in first ever German-British energy link NeuConnect

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  • The EUR 2.8 billion NeuConnect project, which will create a vital new energy link between two of Europe’s largest energy markets, reached financial close today
  • Work on the new interconnector, which will link Germany´s and the UK´s power grids for the first time, is to begin later this year
  • NeuConnect could deliver a net reduction in carbon emissions of over 13 Mt of CO2 over 25 years and power up to 1.5 million households