As such, the 700km subsea cable system has been finalised and is now on track for completion in 2021. To be operated by Altibox Carrier, the system will significantly increase data capacity between Norway, the UK, and the rest of the world.
“We are pleased that the project is progressing according to schedule, despite the challenges associated with the covid-19 situation,” said Geir Ims, chairman of the board at NO-UK. “Next year, the actual installing of the cable can begin and it will be operational by end of 2021.”
Specifically, the system significantly strengthen data communication to and from Norway, delivering benefits the business community, private consumers, society in general and will also strengthen Norway's position as an attractive place to invest in new data centres.
“This cable project further strengthens Green Mountain’s position as the connectivity hub in the South Western part of Norway,” added Tor Kristian Gyland, CEO of Green Mountain.
“Several international connectivity providers have already signed agreements and will be utilising this new submarine cable as a new connectivity highway between Norway and the UK. With improved resilience and reduced latency, the Stavanger region now offers a realistic alternative to the data centre cluster in London.”
Carried out by the vessel MV Fugro Galaxy, the final work on the survey was completed outside the planned landing point at Green Mountain’s data centre (DC1-Stavanger) in Norway. The aim of the survey was to gather seabed data in order to determine the final route of the fibre cable and the most suitable type of cable to be use.
According to the company over the last 6 months, UK clients have shown increased interest in the project, largely due to the current power price level in the Stavanger region.
As of the 18 August 2020, the market price for power is €4,70 per MWh in the Stavanger region compared to €42,17 in UK. This is also significantly lower that Sweden and Denmark with €68, 71 and €73,67 respectively.
A consortium comprised of Green Mountain, Lyse, Haugaland Kraft and BKK, the Hatteland Group and Ryfylke IKS is behind the project.
