Sat. Jul 20th, 2024

The “Xlinks First”, which is tasked with implementing the Morocco-UK electricity interconnection project, has teamed up with NY listed “GE Vernova”, announcing a $10.2 million investment in the project.

The investments aim to accelerate the delivery and construction of the project, which combines wind and solar energy with flexible battery storage, with the aim of providing 3.6 GW of reliable, clean, and affordable electricity, equivalent to 8% of Britain’s electricity needs.

The British company confirmed that the new power plants and battery storage facilities in Morocco will be connected to Britain via 4,000 km of HVDC submarine cables.

With this investment, GE Vernova joined the African Finance Corporation, TAQA of the UAE, Total Energies and Octopus as one of the leading investors in the project.

The project is expected to help meet rising electricity demand in Britain, which is suffering from a power crisis exacerbated by the decline in European dependence on Russian oil, which provided the old continent with a stable source of energy.

Britain is trying to secure its electricity needs through many sources and at large construction costs after France cut its electricity exports to avoid shortages since the decline in dependence on Russian oil.

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