Greenlink has been given the status of a European Union Project of Common Interest (PCI), making it one of Europe’s most important energy infrastructure projects. It is referenced as part of the European Ten Year Network Development Plan 2018 (ENTSO-E TYNDP 2018), which notes that interconnection assists in increasing security of supply and competition.
The “Energy Union” launched by the European Commission on 25th February 2015 is driving a fundamental transition towards more innovative ways to produce, transport and consume energy, and to address different approaches to the design and implementation of energy policy.
Facilitating the Energy Union requires a range of actions, chief amongst them being an increase in the physical interconnection of the member states and surrounding country energy grids (both gas and electricity) to meet interconnection targets of 10% by 2020 and 15% by 2030.
The EU, Irish and UK governments all agree that even after Brexit, an interconnected grid will help to ensure affordable, secure and sustainable energy, and also growth and jobs across Europe.