German renewable energy specialist Conenergy announced on Monday that it has entered into a financial partnership with Xlinks for its Morocco-UK power interconnection project.
Conenergy already invests in many sustainable energy infrastructure and supply projects.
Commenting on the announcement, founder and chief executive of Xlinks Simon Morrish said: “We are looking forward to working with Conenergy, which brings its sustainability and solution-oriented approach to the energy world.”
“We are also particularly pleased to welcome founder and CEO Roman Dudenhausen and his team to the Xlinks family of investors. Their investment in us demonstrates the growing confidence of the markets and our industry in the project and the benefits it will bring,” he said in a statement.
Roman Dudenhausen, CEO of Coenergy, said: “We have been talking about this groundbreaking project for a long time. It is bold, innovative and sustainable.”
“We believe it is a game changer for a green, secure and independent European energy system, and we are very pleased to be a financial and strategic partner for Xlinks and its team. Other joint projects are already under discussion,” said Dudenhausen in a statement published on the energy company’s website.
Xlinks is looking to run two 1.8 gigawatt submarine cables between Morocco and the UK, which once complete, will be the longest submarine cable system to date.
This project will enable the transfer of 3.6 GW of submarine cable capacity from the Moroccan coast directly to the UK, alongside the continental shelf around Spain, Portugal and France.
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