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Germany and Norway inaugurate undersea energy link worth $2 billion

Germany and Norway inaugurated a new undersea cable Thursday that directly links the two countries' electricity networks, a project that has been described as a key step in Europe's effort to shift away from fossil fuels to renewable energy.

The 2-billion-euro ($2.4 billion) project, called Nordlink, will allow Germany to export excess electricity from its wind parks to Norway, where it can be stored in the Nordic nation's vast hydropower reservoirs.

During periods of little wind, electricity can be released from Norwegian reservoirs again to meet German demand. ....

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