Elia Group and the Canada Pension Plan Investment Board (CPP Investments) have agreed to acquire the Tarchon interconnector project, a high-voltage subsea electricity link between the UK and Germany. The transaction will see CPP Investments take a majority stake for a commitment of around C$1bn, with Elia Group participating through its WindGrid subsidiary for a 25% minority interest. CPP Investments Infrastructure head James Bryce said: "We are delighted to be partnering with Elia Group on the development of the Tarchon interconnector. In February 2026, CPP Investments confirmed plans to acquire a 50% stake in Inkia Energy, in partnership with I Squared Capital. "Elia Group and CPP to acquire Tarchon UK-Germany interconnector" was originally created and published by Power Technology, a GlobalData owned brand.