French energy giant TotalEnergies recently announced the acquisition of a minority stake in the Xlinks Morocco-UK energy project, reinforcing its commitment to achieving renewable energy goals. By investing £20 million ($25 million) in the project, TotalEnergies joins other prominent investors including Octopus Energy Group and Abu Dhabi National Energy Company.
The Xlinks Morocco-UK energy project aims to transmit solar and wind energy from Morocco to the UK through a network of four high-voltage direct current (HVDC) submarine cables, which will reach a an impressive 3,800 kilometers (2,361 miles). With this new approach, the project hopes to provide clean, sustainable energy to approximately seven million homes in Britain.
TotalEnergies Senior Vice President of Renewables Vincent Stoquart expressed confidence in the project, stating that the company’s extensive experience in developing large-scale energy projects will be a valuable asset. This strategic investment demonstrates TotalEnergies’ commitment to diversifying its energy portfolio and promoting the transition to a low carbon future.
The Xlinks Morocco-UK energy project has secured an agreement with Britain’s national grid to start transmitting electricity by the end of the decade. This partnership has high hopes of reducing the UK’s reliance on fossil fuels and advancing its renewable energy goals.
With its investment in the Xlinks Morocco-UK energy project, TotalEnergies continues to demonstrate its visionary approach and commitment to sustainability. By adopting innovative solutions such as HVDC submarine cables, the company is paving the way to a greener future.
Q: What is the Xlinks Morocco-UK energy project?
A: The Xlinks Morocco-UK energy project is an initiative that aims to transmit solar and wind energy produced in Morocco to the United Kingdom through a network of high-voltage HVDC submarine cables.
Q: How many households will benefit from the project?
A: Approximately seven million British households are expected to benefit from the renewable energy provided by the Xlinks Morocco-UK energy project.
Q: When will power transmission begin?
A: The project has secured an agreement with Britain’s national grid to start transmitting electricity by the end of the decade.