Gas Networks Ireland secures €100m investment from EIB

Natural gas currently provides over a third of Ireland’s energy requirement and helps to generate over 50% of the country's electricity.

Gas Networks Ireland has secured funding of €100m from the European Investment Bank (EIB) as part of its investment in the country's energy network.

The funding will underpin a total €205m investment which aims to modernise and extend Ireland's gas network, including the completion of the Scotland – Ireland interconnector project whereby a 50km parallel connection between Cluden and Brighouse in Scotland will be constructed.