The government has today approved a landmark €3.5 billion investment in Ireland's electricity grid infrastructure (2026-2030), as part of the National Development Plan. This represents the largest single investment in the country’s electricity network in its history. This transformative investment will strengthen Ireland’s energy security, support economic growth and accelerate our transition to renewable energy.
The investment will see €1.5 billion allocated to ESB Networks and €2 billion to EirGrid, enabling both companies to significantly increase capital investment to expand our onshore and offshore electricity transmission and distribution network infrastructure. This historic commitment will future-proof Ireland’s electricity system and ensure it can meet the growing demands of our economy, our homes, and our climate targets. The transition to a renewables-led energy system requires significant investment, but is crucial to provide secure, sustainable, and affordable energy for generations to come.
