UK financier sustains 10.5 GW wind-solar project in Morocco with submarine cable

• UK-based Xlinks plans to build 10.5 GW of wind and also solar in Morocco as well as sell the power in the UK. London-based investment firm Octopus Energy said it signed up with pressures with the project developer, Xlinks, to aid it progress with building.

UK-based investment company Octopus Energy has authorized an agreement with British programmer Xlinks to establish a 10.5 GW wind-solar project in Morocco and also a submarine cable to connect the facility with the UK power system.

" Xlinks will certainly speed up the UK's shift to net zero by laying four 3,800km-long subsea cables to connect a huge renewable resource ranch in the Moroccan desert with Devon in South West England," Octopus Energy stated. "The site will supply 3.6 GW of reputable, clean power to the UK for approximately 20 hours a day, sufficient green energy to power about 7 million heat pumps throughout the year."

The Xlinks project is expected to offer power at GBP 48 ($59.7)/ MWh.

"The collaboration is helmed by a team of energy experts and also organization entrepreneurs, consisting of Chairman Sir Dave Lewis, CEO Simon Morrish as well as Project Director Nigel Williams who looked after North Sea Link, the world's lengthiest subsea interconnector linking the UK as well as Norway, supplying it in a timely manner and under spending plan," said Octopus Energy.

Octopus Energy asserts to be the fourth-largest energy business in the United Kingdom. It is also one of the largest investors in renewable resource in Europe.

Xlinks CEO Simon Morrish disclosed the details of the ambitious project in a meeting with pv magazine in April 2021. He said the huge facility would certainly be connected to the UK power network in Alverdiscott, Devon as well as Pembroke, Wales, via a high-voltage direct present (HVDC) transmission line. This will include four different cables and also will certainly be the longest subsea power transmission link on the planet. The firm intends to offer the power to the UK grid under a contract for difference (CfD) scheme.

The cable would go across global waters and dip into the territorial waters of European nations such as Portugal, Spain as well as France.