Proposed €500m electricity interconnector secures finance from London backers | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 71%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

A €500 million plan to build a 750 megawatt electricity interconnector linking Ireland and Britain has secured the financial backing of Foresight, a London-listed company.

The interconnector will be capable of delivering or exporting enough electricity to power 570,000 homes, and will be operational by 2027

A proposed new 750 megawatt electricity interconnector linking Ireland and Britain has secured the financial backing of Foresight, a London-listed company. The firm has taken a stake in MaresConnect, a €500 million project that intends to link the two countries via a 245km cable that will run underground and under the sea between Dublin and Bodelwyddan in north Wales.

The interconnector will be capable of delivering or exporting enough electricity to power 570,000 homes, but...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Grid Finance secures €100m from UK-based Fasanara to grow SME lendingCash-advance lender focusing on short-term loans to merchant card financing via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Insurers pay businesses €170m for claims related to Covid-19 | Business PostInsurers have paid out more than €170 million to almost 5,500 policyholders in response to business interruption claims submitted during the Covid-19 pandemic.
Source: businessposthq - 🏆 8. / 71 Read more »

FBD’s post-pandemic agm tackles some thorny issues | Business PostFBD’s agms are known in the corporate world for being a little different, given the insurer’s rural heritage and the number of its long-standing shareholders. The one held in Dublin last Thursday was no exception, writes Peter O’Dwyer.
Source: businessposthq - 🏆 8. / 71 Read more »

Buy-now-pay-later providers must now be authorised by Central Bank | Business PostCentral Bank of Ireland has extended its consumer protection regulations to include buy-now-pay-later (BNPL) firms; expected to conform to new regulations “at the earliest possible opportunity”. evadiminutive reports.
Source: businessposthq - 🏆 8. / 71 Read more »