MaresConnect welcomes positive decision from Ofgem on initial project assessment (IPA)
Dublin, 12 November 2024 Ofgem announced today its minded to decision to award Cap & Floor regulation to the 750MW MaresConnect interconnector project as part of its Initial Project Assessment of the third Cap & Floor application window for electricity interconnectors. Ofgem’s review recognised MaresConnect for its potential to support cross-border energy security, renewable integration,…