MaresConnect response to Department of the Environment, Climate and Communications’ consultation on electricity interconnection policy published on 10 June 2022

8 September 2022 Department of the Environment, Climate and Communications Response to consultation on Electricity Interconnection Policy  MaresConnect Limited welcomes the Department of the Environment, Climate and Communications’ consultation on electricity interconnection policy published on 10 June 2022. We set out below our key points in response to the consultation and provide a detailed response to…

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…

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”),…