Project Insights
Ireland-France power link brings both risks and rewards
The Celtic Interconnector may reduce Ireland’s reliance on gas-fired power, but it will expose the Irish market to periods of supply shortages on the continent The Celtic Interconnector may reduce Ireland’s reliance on gas-fired power, but it will expose the Irish market to periods of supply shortages on the continent.
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The 700 MW Celtic Interconnector between Ireland and France looks sets for completion in 2026 following an announcement by the European Commission on Wednesday that the project will receive a €530 million ($580 million) grant from the EU’s Connecting Europe Facility. The total cost of the interconnector is expected to be around €1 billion.
The timing of the grant does not look like a coincidence given the potential for the UK to crash out of the EU on 31 October, leaving Ireland disconnected...
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