Imera, a provider of transmission interconnection, has unveiled plans to build a network of subsea AC and DC cables in the North Sea and Atlantic Ocean as the foundation of a pan-European offshore power network. EuropaGrid will first link Ireland, the UK, France and Belgium before other North Sea rim countries to form an interconnection "mesh" for offshore wind projects to connect into. The plan received a boost recently with funding under the EU's economic recovery package. Imera, based in Dublin, is a subsidiary of offshore services group Oceanteam ASA of Norway and to build and operate one of two east-west interconnectors between Ireland and Wales. "Because we are a private company, we can build networks faster and cheaper than most regulated organisations," says Imera. It is currently raising over EUR 100 million for the first phase of EuropaGrid, which it believes will "enable enormous growth in renewable generation."