THE EU is to provide a record amount of funding to build a renewable power link between Spain and France.

The submarine cable, costing 578 million, will run for 230 miles across the Bay of Biscay to help ease one of Europe’s worst network bottlenecks.

Carrying excess renewable energy between the two countries, it hopes to double current power capacity to 5,000 megawatts.

“Only a fully interconnected market will improve Europe’s security of supply, ending the dependence of single suppliers, and give consumers more choice,” said Europe’s climate commissioner Miguel Arias Canete.

Canete went on to say the project would ‘end the isolation of the Iberian Peninsula’ and boost interconnectivity between the bloc.

The EU hopes the link will stave off dependency on Russian oil, increase renewable energy output and help meet climate goals set by the Paris Agreement in 2015.