ARE and Transmission Investment LLP have established a joint venture company which is developing a connection between France, Alderney and Britain. This link, known as FAB Link, will allow energy to be traded between Britain and France and will enable tidal power generated in Alderney's territorial waters to be exported to European markets. Alderney will also be able to receive less expensive energy from Europe via FAB Link.
The benefits of the project include:
Transmission Investment LLP (see www.transmissioninvestment.com) is a developer and manager of offshore transmission and interconnectors. In particular it manages, through its affiliate Transmission Capital Partners, the cables connecting numerous UK offshore wind farms.
FAB Link Ltd is developing the FAB project in conjunction with the French grid company, RTE (Reseau de Transport d'Electricite, see http://www.rte-france.com/en) which owns all transmission assets in France, including half of the existing Britain-France interconnector.