British Xlinks has entered into official talks with the British government over funding to support importing electric power from solar and wind farms from the Moroccan desert to the UK.
Xlinks is seeking to acquire finding from the UK’s main mechanism for supporting low-carbon electricity generation.
“The UK will be able to reach its environmental goals of reducing greenhouse gas emissions to as close to zero as possible, through a variety of energy sources.” Dave Lewis, CEO of the company told Bloomberg.
The project will cost $22 billion. Construction is set to begin in 2025 the electrical cable is set to see the light of day in 2029.
Xlinks is betting it will provide up to 8% of the UK’s power needs from the site in southern Morocco.
The Guelmim-Oued Noun plant covers an area of over 150.000 hectares and will be producing both solar and wind energies.
The power cable is to be installed off the coasts of Morocco, Portugal, Spain, and France, with the whole project estimated to cost approximately $22 billion.
Xlinks plans to connect the energy generated from solar and wind power with an underwater electric cable in the world, stretching 3,800 km between North Africa and Britain.
The company proposes to complete the GBP16 billion cable link between Morocco and the UK by the end of this decade, which will provide enough electricity to power more than 7 million UK homes
The emergence of the plan comes as the UK faces an energy crisis, with prices increasing, difficulties in fuel supply chains, and ongoing talks about approving the construction of new nuclear power plants to meet demand.
The deal also coincides with Morocco’s increasing clean and sustainable energy investments, and its ambitions to become an international leader in supplying clean energy.
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