Media Release from MaresConnect Interconnector
Dublin, 06 July 2022 – Ofgem’s licence grants MaresConnect the right to own and operate an electricity interconnector project in the UK and provides certain associated powers as a statutory undertaker. MaresConnect is a proposed 750MW electricity interconnector linking the power markets of Ireland and Great Britain¹. The cable route is approximately 245km underground and…
MaresConnect welcomes the publication on 10 June 2022 by the Department of the Environment, Climate & Communications (DECC) on Electricity Interconnection Policy. The consultation paper focuses on interconnection between Ireland and the EU and Great Britain, and is a key action coming out of Ireland’s Climate Action Plan 2021 (CAP21). CAP21 builds on Ireland’s 2020…
London, 11 May 2022 • Funding secured for the project’s development to position MaresConnect as Ireland’s next interconnector • MaresConnect will make a major contribution to achieving Ireland’s 2030 environmental goals Foresight Group Holdings Limited¹, the listed sustainability-led infrastructure and private equity investment manager, has acquired a majority stake in the MaresConnect² interconnector project (“MaresConnect”),…