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Featured Article 21 Jul 2016

Having completed a feasibility study, the two companies are now signed up to a memorandum of understanding to move onto a new two-year project to complete design and pre-consultation ahead of the tangible construction.

Should the entire project be completed, it will prove a reliable high-capacity link between the two countries which, according to Eirgrid, will “increase competition in the all-island single electricity market and support the development of renewable energy, particularly in Ireland”.

“It will improve security of supply on the island of Ireland and increase competition, driving down prices for customers,” said Fintan Slye, EirGrid’s chief executive.

The current stage of planning will include the investigation of landing points for a subsea cable and connection points to the electricity transmission grids in France and Ireland.

Upon completion of this stage, the two companies will then decide if they want to proceed with the project. Should all parties continue in the arrangement, the interconnector is planned to go live in 2025.

“The Celtic Interconnector Project has the potential to provide a reliable high-capacity link between Ireland and France that would have huge benefits for the people of Ireland,” said Minister for Communications, Energy and Natural Resources Denis Naughten.

“This project would provide access to the European electricity market, leading to increased competition and lower prices in Ireland. It would also improve security of electricity supply and facilitate increased capacity for renewable energy.”

Gordon Hunt

Electricity image via Shutterstock

This article was originally published on www.siliconrepublic.com and can be found at:

https://www.siliconrepublic.com/comms/celtic-interconnector-ireland-france-electricity-cable

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