MaresConnect has been included in the Second EU PCI/PMI List, and recognised as a priority energy infrastructure project
MaresConnect is pleased to announce its inclusion in the European Union’s second list of Projects of Common/Mutual Interest (PCI/PMI), confirming its status as a strategic priority within Europe’s evolving energy system.
This designation provides the project with several advantages, including accelerated permitting procedures under the TEN-E Regulation, supporting efficient progression through regulatory milestones.
The project will also benefit from the eligibility to apply for Connecting Europe Facility (CEF) funding – covering up to 50% of eligible development costs. MaresConnect intends to submit an application in the next available funding round, expected in Q1/Q2 2026.
Simon Ludlam, MaresConnect’s CEO, commented: “Being included in the EU’s PCI/PMI list marks a major milestone for MaresConnect and underscores the project’s strategic role in enhancing regional energy security, enabling greater integration of renewables, and supporting Europe’s long-term decarbonisation objectives. The inclusion in the PMI list also reflects the strong backing of both the Irish and UK governments for this important initiative. We look forward to working closely with our stakeholders in Ireland and Wales to deliver the project on a timely basis and in full alignment with the spirit and principles of the TEN-E regulations for PMI projects.”
By establishing a new electricity interconnector between Ireland and Great Britain, MaresConnect will:
- Strengthen security of supply and system resilience.
- Put downward pressure on wholesale electricity prices.
- Enable greater cross-border integration of renewable energy.
- Enhance competition and support more affordable electricity for consumers.
- Contribute to the EU’s 2030 interconnection target of 15%.
The European Commission’s decision highlights MaresConnect’s role in advancing the Energy Union and positions it among Europe’s most significant energy infrastructure initiatives, aligned with long-term policy objectives and capable of delivering benefits for Ireland, Great Britain and the wider EU energy market.
MaresConnect is being developed by MaresConnect Limited, owned by Foresight Energy Infrastructure Partners (FEIP) and Etchea Energy Nominees Limited (EENL).
