Statkraft owns 100% of Baltic Cable AB, the owner and operator of the underwater interconnector Baltic Cable.
Baltic Cable is an underwater high-voltage direct current (HVDC) transmission line. It runs 250 kilometres from Sweden to Germany, and is the only interconnector connecting price zones SE4 (Sweden 4) and DE-LU (Germany-Luxembourg). The cable began operations in 1994, and has a net interconnection capacity of 600 MW. In 2019, Baltic Cable AB was certified as an independent Transmission System Operator (TSO) under the German Energy Industry Act by the German regulator BNetzA.
Baltic Cable is a vital part of the European electricity network. It contributes to European market integration through providing valuable capacity to the market and facilitating the exchange of renewable energy.