- 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
High Voltage Direct Current Service Overview
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.
Europe: +49-89-12250950
Americas: +1 408-604-0522
Japan: +81-80-7808-1378
GCC/Rest of APAC: +971-58-1602441
More About our: High Voltage Direct Current Service
Recent Insights
COP28: Climate Concerns to Address in 2023
From flash flooding to heat waves, each progressing year is a reminder that climate change is no longer a threat that looms on the horizon, but rather a reality that countries are- often disproportionately- dealing with. Climate change flurrying out of control only...
COP28’s Global Stocktake: A Pivotal Undertaking?
The global stocktake, a quinquennial undertaking, functions as a meticulous inventory of worldwide initiatives in climate action and support, with its inaugural culmination slated for COP28 in a bid to influence the ensuing round of nationally determined contributions...
COP28: Balancing Hope and Skepticism in Climate Talks
The Conference of the Parties (COP) is the primary decision-making body of the United Nations Framework Convention on Climate Change (UNFCCC). This annual gathering of member states focuses on addressing global climate change. In the lead up to COP28, amid the rising...
TenneT’s 2 GW Program to Energize Dutch-German North Sea
• Europe is pushing to become the world’s very first climate-neutral continent by 2050, which is in line with the international commitments made by them.• Under the 2 GW Program, TenneT will build at least 14 HVDC offshore grid connection systems with a transmission...
Carbon Capture, Storage and Utilization: Transforming Emissions into Solutions
• CCUS technologies involve capturing CO2 emissions from industrial processes, utilizing it in various ways, and storing it permanently underground.• CCUS provides a cost-effective way to reduce GHG emissions from industrial processes, thereby contributing to the...
Middle East Energy (MEE) Conference Impressions 2023
The Middle East Energy (MEE) conference & trade fair in Dubai, which took place from 7th to 9th March, was a prime meeting place for professionals from all over the energy and power grid industry. The conference provided a platform for key equipment manufacturers...
North American HVDC Market (2017-2021)
The HVDC market has gained a lot traction due to the expansion of renewable energy resources across the globe. In the last decade, a significant growth in onshore renewables has been witnessed in North America. To evacuate this energy from generation centres, HVDC has...