TotalEnergies acquires minority stake in UK-Moroccan solar-wind interconnector
30 November 2023
TotalEnergies said it has invested GBP 20 million in UK renewables producer Xlinks’ 11.5 GW hybrid solar and wind facility in Morocco. The France-based petroleum supplier now has a minority stake in the project, which also has 5 GW/20 GWh of storage, according to the release.
The facility – located in Guelmim Oued Noun, the country’s south – will provide 3.6 GW of energy for an average of 20 or more hours a day to Wales and England through 3,800 kilometers of high-voltage direct-current subsea cables, said Xlinks. The company plans to sell the power to the UK grid under a contract-for-difference scheme.
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 while Octopus Energy invested £5 million.
In April 2021, Xlinks’ CEO Simon Morrish said the company plans to invest GBP 18 billion in the project.
The project is considered one of the world’s most ambitious and was recently mulled by the UK government for its potential merits.
Related
-
South Africa approves six solar projects totaling 1,290 MW
25 July 2025
-
Saudi Arabia Invites PQ for Strategic Reservoirs and Water Transmission Systems on PPP model
25 July 2025
-
Masdar, Iberdrola achieve financial close for $6.1bln East Anglia THREE Offshore wind project
25 July 2025
-
China’s CITIC to Develop Large Soybean, Corn Farms in Angola
25 July 2025
-
MGC, Lantania Consortium awarded $544 million Jubail Desalination Plant Contract
24 July 2025
-
Israel approves rooftop solar on public sports facilities
24 July 2025