The Celtic Interconnector will create enough power for up to 450,000 households.
Micheál Martin has signed off today on an underwater cable that will connect Ireland’s electricity network to France’s; the cable would run between Cork and Brittany.
According to The Journal:
“The Celtic Interconnector will have the capacity of 700 megawatts of electricity, which is estimated to power 450,000 households. At least €1.3 billion has been allocated to the project, which includes €530 million in grant funding from the EU’s Connecting Europe Facility (CEF), with Ireland paying for 65% of the project and France paying 35% according to the Commission for the Regulation of Utilities (CRU).”
Such a project comes at a huge cost however, with The Journal reporting that the Celtic Interconnector could cost up to €1.7 million by 2027.
Delighted to be in Paris this morning to witness signing of the Celtic Interconnector project.
Vital energy infrastructure that will bring tangible benefits to the citizens of both France and Ireland, for the use of renewables, reducing prices, and improving supply security. pic.twitter.com/RRTz5kZTO7
— Micheál Martin (@MichealMartinTD) November 25, 2022
Micheál Martin said this of the Celtic Interconnector project:
“The Celtic Interconnector symbolises a new era of connectivity to Europe for Ireland.”
“It will be our first electricity interconnector with mainland Europe, plugging Ireland directly into the European grid from my own home county of Cork to the Finistère in Brittany.
“The Celtic Interconnector will enhance our energy security and enable the export of renewable energy to the continent.
“It opens up new fields of strategic
“At a time of such pressure on energy resources, this project is a practical example of cooperation that will have a real impact for our citizens.”
According to The Journal, this project has been in the works since 2018.
Header image via Twitter/MichealMartinTD
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