News
MaresConnect secures EU PCI/PMI Status
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
MaresConnect at the Ireland–Wales Ministerial Forum
On 3 July 2025, the Waterfront Museum in Swansea hosted a significant gathering of leaders and stakeholders at the Ireland–Wales Ministerial Forum. MaresConnect was honoured to be invited to speak at the event and share our vision for the project – an important step in advancing energy integration between Ireland and Wales. Forum Highlights Chaired by the First Minister of Wales, Eluned Morgan, and Ireland’s Tánaiste, Simon Harris TD, the Forum marked the launch of the Ireland–Wales Shared Statement to 2030. This forward-looking framework sets out a commitment to closer cooperation between the two nations across several strategically important areas. Among the themes discussed, energy collaboration was a key focus, with particular attention given to tangible projects such as the MaresConnect interconnector, which
MaresConnect welcomes positive decision from CRU on Initial Project Assessment (IPA)
MaresConnect Limited (MCL) welcomes the positive minded-to decision from the Commission for Regulation of Utilities (CRU) in Ireland regarding its Initial Project Assessment (IPA) of the MaresConnect interconnector. The CRU decision reflects the Irish Government Policy of 2023 on increased interconnection and follows Ofgem’s positive IPA decision in November 2024 and support for MaresConnect under the UK Government’s Clean Power 2030 Action Plan. It marks a key milestone for the project and reaffirms the benefits the interconnector will deliver to infrastructure and consumers in both jurisdictions. The CRU’s announcement recognises MaresConnect’s strategic importance in strengthening cross-border energy security, supporting the integration of renewable energy, enhancing the electricity systems of both Ireland and Great Britain and important downward pressure on wholesale
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, and enhanced system flexibility within Great Britain and Ireland. Ofgem has approved a further 6GW of interconnection capacity between Great Britain and its neighbours consistent with the Government’s policy of achieving a total of 18GW by 2030. “We very much welcome Ofgem’s positive response,” said Simon Ludlam, CEO at MaresConnect. “This endorsement strengthens our commitment to a more connected energy future and highlights our project’s