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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.
By Andreas Walstad 3 October 2019 Europe & Russia / Policy & Regulation 0 34646
Irish Prime Minister Leo Varadkar (left) with the French president in Paris. (PA)

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...