The Irish Commission for Regulation of Utilities (CRU), the country’s energy regulator, has unveiled a €14bn plan to connect 4.4 GW of new renewable capacity to the distribution system, deliver 5 GW of offshore wind capacity and upgrade its grid between 2026 and 2030. The CRU outlined the investment in its draft determination for Price Review 6 (PR6), where it also determines that the TSO will assume ownership of offshore transmission assets and prepare grid and market operations for the Celtic interconnector with France.
The investment is expected to cover spending by the operators ESB Networks and EirGrid, which could eventually rise if the two companies meet their annual delivery targets. For their part, the companies have submitted an investment proposal of up to €18.98bn over the next five years to maintain and upgrade their networks to meet current and future demand.
The PR6 is currently under public consultation, and a final decision is expected later in 2025, after which the operators should deliver their adjusted business plans within the parameters set by the CRU’s PR6.
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