TotalEnergies invests £20 million in Xlinks First Limited’s Morocco-UK renewable energy project. The Morocco-based renewable project, also backed by Octopus Energy and TAQA, combines solar and wind energy to transmit green electricity to the UK through HDVC subsea cables and a large battery storage system. Once commissioned, the plant is anticipated to power over 7 million British homes.
TotalEnergies invests in Xlinks’ green initiative
TotalEnergies brings not only capital but also valuable expertise to address unique challenges in this initiative. Illustration from Xlinks.
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)