The Siemens contracts have a combined value of 1.1 billion euros ($1.23 billion), National Grid said in a statement http://media.nationalgrid.com/press-releases/uk-press-releases/corporate-news/national-grid-and-energinet-name-suppliers-for-uk-s-first-ever-power-cable-to-denmark.

The two converter stations will be built in Lincolnshire, England, and Revsing, Denmark.

Viking Link will be the first subsea electricity inter-connector between Britain and Denmark and have the capacity to power 1.5 million homes.