Celtic Interconnector
The route the Celtic Interconnector will connect Ireland's south coast with Brittany in France.
The energy regulatory bodies of France and Ireland, CRE and CRU respectively, have thrown their support behind a bid by the Celtic Interconnector underwater power cable project to receive a minimum of 60% of its €930-million investment from EU grants.
Headed up by French power grid operator RTE and Ireland's EirGrid, the 700 MW power cable project will be the first interconnector linking the two countries.
Both the CRE and CRU said that, in the context of Brexit and the surrounding lack of certainty, the project will enable the establishment of a direct power link between Ireland and mainland Europe, thus bypassing the UK. The connection with the mainland allows Ireland to become a part of the European internal energy market, and as such improving the island nation's security of energy supply.
Set to run from the southern Irish coast to Brittany in France, the Celtic Interconnector has been declared to be a Project of Common Interest by the European Commission.
The regulators have agreed that 65% of the project's investment costs will go to Ireland, and the remaining 35% will go to France.
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