The European Investment Bank is considering an €800m loan application from the developers of the 1.4GW NordLink transmission project between Norway and Germany.
Partners TenneT, Statnett and KfW have applied for the loan towards the €2.104bn project.
The application is currently under appraisal, the EIB said.
The 623km HVDC link will run between Tonstad in Norway and Wilster in the German state of Schleswig-Holstein, enabling the exchange of German wind energy and Norwegian hydropower.
The project is scheduled be completed in 2019 with full commissioning in 2020.
Image: Daniel Reinhardt/TenneT
