$519 million for the North Sea Link project the world’s longest submarine interconnector

SACE and SIMEST (CassaDepositi e Prestiti Group) and BNP Paribas Corporate & Institutional Banking (CIB) announce the finalisation of export financing of $519 million for National Grid North America, a company of the National Grid Plc Group, the UK’s main electricity and gas utility company, in support of the works and supply orders awarded to Prysmian as part of the international project North Sea Link (“NSN Link”).

The project, which has a total value of €2 billion, involves the construction of a subsea interconnector with a capacity of 1,400 MW between the United Kingdom and Norway. Once