With increased penetration of intermittent renewable energy sources (e.g., wind power), balancing the supply and demand is likely to be a major problem. To ensure reliable operation of the system, there is a growing need for meshed interconnection to effectively share the diverse portfolio of renewable energy resources and thereby increase operational flexibility. For instance, in Europe, the hydropower from Nor-way and solar power in Spain and Portugal could be utilized when the wind is not blowing in the UK or mainland Europe and vice versa. To enable such sharing of power and also harness remote offshore wind, there is a business case for setting up an European Offshore Supergrid [2, 3, 4, 5]. There are several visions for an offshore grid in Europe, some of which are shown in Fig. 1.1. One aspect in common with all such visions is that several DC links are connected at a single point forming a DC grid. Because of the subsea transmission distances involved, the only viable option is to use DC, which essentially calls for an MTDC or meshed grid. In such a meshed DC grid, the power flow in the DC links would have to reverse frequently depending on the geographical distribution of renewable generation and the electricity price differential at a given point in time. The VSC technology allows such power flow reversals.... CHAUDHURI, 2014, p. 3-4