EirGrid to host information events to establish forums for Powering Up Dublin

The Powering Up Dublin Community and Business Forums bring together people and organisations from across the project area so that stakeholder, community and local businesses’ views can be discussed, understood and properly considered throughout the lifecycle of the project. This project will see up to 50km of cables being installed, with some cables replacing existing…

MaresConnect Interconnector Secures Ofgem Licence

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 Irish Government’s consultation on Electricity Interconnection Policy

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…

Wind energy monthly report – 34% of Ireland’s power provided in May

This was the most power ever generated by wind in the month of May and over the first five months of 2022 wind has provided 37 per cent of Ireland’s electricity. Prices on the wholesale electricity market fell significantly to an average of €143.27 but market analysts believe this was likely a temporary fall due…

MaresConnect Interconnector Raises New Capital From Foresight Energy Infrastructure Partners

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”),…