Nexans has been awarded the contract for the Celtic Interconnector developed jointly by the Irish and French Transmission System Operators (EirGrid and RTE – Réseau de Transport d’Electricité). This 700 MW capacity project is the world longest XLPE interconnector to be built and the first subsea link for direct electricity exchange between France and Ireland.
The Celtic Interconnector is recognized as a project of common interest (PCI) by the European Union. It will allow the exchange of electricity between Ireland and France, supplying power to approximately 450,000 homes, and is key in developing an integrated energy system in Europe.
JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.