A major electricity interconnector linking Co Wexford, Ireland, to Wales has been sold in a deal valuing the infrastructure at €1 billion.
The Greenlink interconnector, which supplies enough power to meet the needs of 380,000 homes, has been acquired by London-based infrastructure investment firm Equitix and Norway’s Baltic Cable. The sale was facilitated by Partners Group, which managed the asset on behalf of international clients.
Key Energy Infrastructure
The Greenlink interconnector runs between EirGrid’s Great Island substation in Wexford and Pembrokeshire in Wales, serving as a crucial link between the Irish and UK electricity grids. Construction on the 504-megawatt cable began in 2022, and it became fully operational this year.
The infrastructure plays a significant role in enhancing energy security and efficiency by allowing surplus power to be traded between Britain and Ireland. It enables the transfer of electricity during peak demand periods, helping to stabilize both markets.
Regulated Energy Trading
The interconnector is regulated by the Commission for Regulation of Utilities (CRU) in Ireland and Ofgem in the UK. Both regulators oversee the fair operation of the link to ensure energy flows efficiently between the two countries.
Equitix and Baltic Cable’s acquisition reflects growing investor interest in critical energy infrastructure, particularly as countries transition toward more sustainable energy solutions.
The sale highlights the importance of cross-border energy interconnectors in ensuring stability and security in European electricity markets, especially amid ongoing shifts in energy policies and renewable energy expansion.
