LONDON, March 8 (UPI) -- The so-called Friends of the Super Grid unveiled a $46 billion plan in London to connect electricity grids in England, Scotland, Germany and Norway.
The grid, the brainchild of 10 top European companies, is the latest in a series of proposals to link the energy grids in parts of Europe.
Denmark and England joined seven other European countries in December to move ahead with plans to develop a North Sea grid, though there was apprehension because of the cost.
German conglomerate Siemens, a member of the Friends of the Super Grid consortium, said the latest proposal would use wind energy from offshore projects in the North Sea, the Financial Times reports.
Nations in the region are looking for alternative sources of energy as North Sea reserves begin to run dry.
Mainstream Renewable Power, a consortium member, said it could move forward on phase one of the wind energy projects needed for the super grid for about $46 billion.
The group is expected to appoint a chief executive and establish an office in Brussels.
