Foresight Group has acquired a majority stake in the MaresConnect interconnector project, aimed at enhancing energy capacity between Ireland and Great Britain while supporting Ireland's 2030 environmental goals.

Target Information

MaresConnect is a proposed 750MW electricity interconnector designed to connect the power markets of Ireland and Great Britain. The project will feature a cable route of approximately 245 kilometers, extending underground and under the sea, linking Dublin, Ireland, with Bodelwyddan, Denbighshire, Wales. As a significant component of Europe’s 2022 Ten Year Network Development Plan, MaresConnect is deemed one of the crucial energy infrastructure projects aimed at facilitating secure, sustainable, and affordable energy solutions while integrating Ireland’s renewable energy capabilities.

Simon Ludlam, partner at Etchea Energy and CEO of MaresConnect, emphasized the importance of this project, stating that it will enhance interconnection capacity between Ireland and Great Britain by 50%. Furthermore, MaresConnect is projected to play a vital role in supporting Ireland’s ambitious environmental targets for 2030, particularly by providing a cost-effective export route for the growing offshore wind sector in Ireland.

Industry Overview in Ireland

The energy sector in Ireland is undergoing transformative changes as the country aims to reduce its carbon emissions and transition to renewable energy sources. The government has set ambitious targets to achieve a 70% renewabl