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 told pv magazine the company plans to invest GBP 18 billion in the project.
Popular content
The project is considered one of the world’s most ambitious and was recently mulled by the UK government for its potential merits.
Correction: The headline has been updated to reflect TotalEnergies is a minority stakeholder in the project.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.