Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In December 2020, EirGrid and RTE signed a funding agreement with the European Commission for approximately €530 million under the Connecting Europe Facility to support the construction of the 700 MW Celtic Interconnector between Ireland and France. This major EU grant, administered via CINEA, builds on earlier study-phase support and provides substantial non‑repayable co‑financing for the works phase of the project, reducing the costs borne by the Irish and French transmission system operators and their customers.