It is a good step in the right direction.
More important is the development of the European super grid, connecting all countries together.
https://www.theguardian.com/environm...-cable-britned

It stretches 260km under the North Sea, contains 23,000 tonnes of copper and lead, and may represent the first step towards a renewable energy revolution based on a European electricity "supergrid". The £500m BritNed cable, which has just entered operation, is the first direct current electricity link from the UK to another country in 25 years.
Operational since 2011.
The high voltage cable, a joint venture between the UK National Grid and the Dutch grid operator TenneT, has a capacity of 1,000MW, the equivalent of a nuclear power station. It runs from the Isle of Grain in Kent to Maasvlakte, near Rotterdam, in the Netherlands.
High voltage DC (HVDC) cables allow electricity to be transmitted over much greater distances than existing alternating current lines, which start losing power after 80km. A network of HVDC cables across Europe is seen as the key to "weather-proofing" the large scale use of renewable energy, some forms of which are intermittent and have to be balanced in real time with generation elsewhere.
The longest existing subsea HVDC cable is 580km, linking Norway and the Netherlands.

See article for already existing infrastructure and planned infrastructure.