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”),…

Ireland in danger of wasting offshore energy opportunity, committee told

Offshore wind can deliver “80 gigawatts” of power, almost ten times the size of Ireland’s grid of “5-and-a-half gigawatts,” CEO of Shannon Foynes Port Company Pat Keating declared. Mr Keating was addressing the Joint Committee on Environment and Climate Action. Committee Chair Brian Leddin, Green Party TD, noted that that the war in Ukraine has…

Taoiseach tells French summit that Ireland aims to become exporter of energy

Ireland’s aim is to become an energy exporter but it remains vulnerable currently because of its dependence on imported fossil fuels, Taoiseach Micheál Martin has declared. Speaking at a French summit of 40 world leaders, Mr Martin said Ireland’s “way out” of dependence on foreign supplies will rely on offshore wind, especially “floating” turbines, green…