# TEPCO Power Grid acquires stake in UK-Germany NeuConnect interconnector project

TEPCO Power Grid entered into a share purchase agreement to acquire FI1 Limited, which holds minority stakes in the NeuConnect Interconnector Project, a 1.4 GW power link between the UK and Germany.

- Type: Acquisition
- Announced: 2022-08-26
- Where: Isle of Grain, England and Wilhelmshaven, Germany, United Kingdom
- Status: announced
- Capacity: 1.4 GW
- Products: HVDC converter stations, subsea power cables, electricity interconnector
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [TEPCO Power Grid](https://endata.com/companies/64937.md) (acquirer)
- [FI1 Limited](https://endata.com/companies/64938.md) (target)

## Sources

- [tepco.co.jp](https://www.tepco.co.jp/en/pg/about/newsroom/press/archives/2022/20220826_01.html), 2022-08-26: "TEPCO PG considers global power transmission and distribution to be an important area of business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.