NorNed is a 580-kilometre (360 mi) long high-voltage direct current submarine power cable between Feda, Norway and the seaport of Eemshaven in the Netherlands, which interconnects both countries' electrical grids.
[2] Budgeted at €550 million, and completed at a cost of €600m,[3] the NorNed cable is a bipolar HVDC link with a voltage of ±450 kV and a capacity of 700 MW.
NorNed is a joint project of the Norwegian transmission system operator Statnett and its Dutch counterpart TenneT.
[6] The internal grid in Norway is sometimes not capable of handling enough power for NorNed and Cross-Skagerrak, and capacity for these cables is then artificially limited.
The way the power exchanges will be compensated was to be agreed, and the direct net income from the trade is to be shared 50/50 between TenneT and Statnett.