Celtic Interconnector between Ireland and France to reduce energy bills, says Ryan

The project will cost €1.6bn with the European Commission giving €530m and €330m from the European investment bank

Building of the project is expected to start next year and is due to be completed in 2027, consumers likely won’t feel the effect of the project until 2027.

Green Party leader Eamon Ryan has said a new energy infrastructure between Ireland and France will bring down energy bills for households.

Taoiseach Micheál Martin and Minister Ryan as well as the French energy minister, Agnès Pannier-Runacher, witnessed the signing of the technical agreement and financing of the Celtic Interconnector between CEO of Eirgrid Mark Foley and Xavier Piechaczyk of Réseau de Transport d'Électricité (RTE) in Paris on Friday.