TotalEnergies joins Morocco-UK subsea power development

Nov. 29, 2023
TotalEnergies is investing $25 million to acquire a stake in Xlinks First, alongside existing investors Octopus Energy and TAQA.

Offshore staff

PARIS, FranceTotalEnergies is investing £20 million ($25.35 million) to acquire a stake in UK-based Xlinks First, alongside existing investors Octopus Energy and Abu Dhabi National Energy Co. (TAQA).

Xlinks plans to develop a solar/wind energy project in Morocco that would transmit electricity to the UK through ultra-long distance HDVC subsea cables, coupled with battery energy storage.

Upon completion, the developers aim to provide sufficient electricity to power more than 7 million homes in the UK.

11.29.2023

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