On October 2nd, 2018, the European Commission agreed to provide €530 million (56 per cent of the total cost) for an Ireland-France 700MW Celtic electricity interconnector. France can export cheap base-load nuclear electricity surpluses along this interconnector, while Irish wind-generated power can flow in the opposite direction. However, French nuclear policy is a mess. The bill for modernising its ageing reactors is currently estimated at €100 billion, a figure that can only rise. France’s first commercial nuclear plants were commissioned in the 1960s. Construction was boosted following the 1974 oil shock, with 54 pressurised water reactors (PWR) commissioned between 1978-1991, with a programmed life span of 40 years.
Irish Times 19th Nov 2019 read more »