The European Commission has allocated €4 million to a project that will link the French and Irish electricity grids via an undersea cable. Irish lawmakers have now touted the plan as an "obvious solution" to Ireland's energy reliance on a post-Brexit United Kingdom.The Celtic Interconnector project is a planned 600-km-long undersea electricity cable with a capacity of 700 MW, which will link the southern coast of Ireland with the northwest tip of France.

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Support schemes

In Ireland, electricity from renewable sources was mainly promoted through a feed-in-tariff scheme (REFIT) that operated as a floor price. As of January 2016, there is no support scheme available for renewable energies, pending the introduction of a new support scheme, which is expected to be introduced in 2017-2018. The public consultation on the new scheme is about to be opened.