TotalEnergies acquires stake in UK-Moroccan solar-wind interconnector
TotalEnergies has invested GBP 20 million (US$25 million) in Xlinks’ 11.5 GW hybrid solar and wind facility in Guelmim Oued Noun, Morocco.
The project, endowed with a storage capacity of 5 GW/20 GWh, now includes France-based petroleum supplier TotalEnergies as a minority stakeholder. This facility is designed to supply 3.6 GW of energy continuously for at least 20 hours a day to Wales and England via an extensive network of 3,800 km of High-Voltage Direct-Current (HVDC) subsea cables.
TotalEnergies joins government-controlled energy holding company Abu Dhabi National Energy Company and UK investment firm Octopus Energy as investors in the project. Abu Dhabi National Energy Co. invested GBP 25 million (USD 31 Million) while Octopus Energy invested GBP 5 million (USD 6.3 Million).
Country updates
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May 12, 2023
Envision secures turbine order for 60 MW wind project in Dakhla
Envision Energy has been awarded the sale of wind turbines for the construction of the 60 MW wind project located in Dakhla, Morocco. The project will be co-owned and operated by Nare...
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March 10, 2023
TAQA to invest US$1.6bn in Moroccan renewable projects
TAQA Morocco, the Moroccan subsidiary of Abu Dhabi National Energy Company, has announced its plan to invest US$1.6 billion in renewable energy projects by the end of the decade. The company's new str...
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August 16, 2022
UM6P, Proton Ventures sign an agreement for the development of green ammonia production project in Jorf Lasfar
The Mohammed VI Polytechnic University (UM6P) and Proton Ventures BV have signed an agreement for the construction of the Green H2A ammonia production plant at the OCP Group's chemical complex in Jorf...
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August 05, 2022
AMEA Power, GPM Holding start construction of 34 MW solar project in Tangier
AMEA Power and its partner GPM Holding Ltd have begun the construction of the 34 MW solar photovoltaic (PV) power plant in Tangier, Morocco. The power plant, which cost US$37 million, is expect...
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May 18, 2022
Octopus Energy invests in 10.5 GW Xlinks Morocco-UK Power Project in Guelmim Oued Noun
Xlinks has announced a financial and strategic partnership with Octopus Energy Group to invest in 10.5 MW Morocco-UK Power Project in Guelmim-Oued Noun, Morocco. The project will speed up the UK&rsqu...
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