Powering Europe’s Future: The Surge of Interconnected HVDC Networks

by May 6, 2024

  • The European HVDC market is poised for significant growth as it aligns with the expansion of offshore wind projects. European countries are planning to add 70 GW of offshore wind. The European Commission has set forth ambitious objectives, aiming to double cross-border power capacity within the EU by 2030. Moreover, the EU’s goal of reaching 15% interconnection by 2030 underscores the necessity for cross-border interconnections and transfer of offshore wind energy. Notably, the UK stands out as a leader in this market, with 23 GW of planned HVDC projects in collaboration with other European nations.

This infographic discusses how the cross-border interconnections will drive the HVDC market in Europe.

HVDC Cumulative Market Split (2024-2030)

Key Insights on the European HVDC Market

European nations have committed to installing 120 GW of offshore wind capacity in the northern sea regions by 2030, driving the demand for offshore HVDC interconnections.

The EU has set an interconnection target of at least 15% by 2030 to encourage EU countries to interconnect their installed electricity production capacity.

Over the past decade, Europe successfully installed 23 GW of cross-border HVDC interconnections, with plans to add another 70 GW of cross-border interconnection capacity by 2030.

The UK is set to lead the market with
23 GW of planned HVDC
interconnections with other countries

Key Planned Cross-Border HVDC Interconnections

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The research presented in this article is from PTR's High Voltage Direct Current market research. For information about this service please submit a request shown below.

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