It's good in its adherence to the budget (almost) and maybe its absolute price: €600M for 700MW is €0.86 per watt. That might sound terrible when compared to current mainstream solar panel wholesale prices of €0.11/Wp, but solar plants in the Netherlands have a capacity factor of only about 10% IIRC, so that is €1.10 per average watt, not counting balance of plant, permitting, etc. The cable may not run at a 100% capacity factor but it'll probably be over 50%.
Still, if module prices continue falling, even at poor capacity factors lime 10%, it'll be increasingly hard to justify paying such high prices to move energy around the continent; local overprovisioning and storage will be cheaper even if Norway is willing to produce the energy for free.
Still, if module prices continue falling, even at poor capacity factors lime 10%, it'll be increasingly hard to justify paying such high prices to move energy around the continent; local overprovisioning and storage will be cheaper even if Norway is willing to produce the energy for free.