Octopus Energy joins Morocco/UK submarine cable construction project

A new partner for the Xlinks project. Octopus Energy has announced that it has signed a financial and strategic partnership with British company XLinks, although without providing further details. now renewable, The British renewable energy supplier has indicated that further investment is being discussed and off-take rights for Octopus are being considered. “The companies are exploring an agreement to use Octopus’s Krakenflex technology platform to increase consumer value and have the potential to power millions of heat pumps with affordable green electricity,” tell us.

Read: Morocco/UK submarine cable to be built ahead of schedule

“Going green will reduce Britain’s energy costs. Going free of volatile fossil fuels was already important to help fight climate change, but it’s clear now,” commented Greg Jackson, founder of Octopus Energy Group. That we need to do it for affordability and security.”

To read: Morocco / United Kingdom What is the progress of the construction project of the submarine cable?

The total cost of the Xlinks project is £16 billion (US$21.9 billion). The British company will build a 10.5 GW power plant (7 GW for solar and 3.5 GW for wind) in Morocco. There will be four cables in the transmission cable. The first cable will be activated in early 2027, while the rest are expected to launch in 2029. But this mega-project can be done sooner than expected. “If the project is launched before the end of this year, electricity will start flowing in 2027 and the project will be able to operate at its maximum capacity in 2030,” said Sir Dave Lewis, president of XLinks, a clean energy company. Ian King on “Business Podcast” sky News,

See also  United Kingdom: Star chef Herbert Berger sued for religious discrimination

You May Also Like

About the Author: Forrest Morton

Organizer. Zombie aficionado. Wannabe reader. Passionate writer. Twitter lover. Music scholar. Web expert.

Leave a Reply

Your email address will not be published.