UK Scraps $34 Billion Morocco-Linked Subsea Power Cable Megaproject ...Middle East

Economy by : (OILPRICE) -
In a move with significant implications for transcontinental energy trade, the UK government has formally withdrawn support for the $34.4-billion Morocco-UK Power Project, a mega-renewables plan that would have delivered solar and wind electricity via a 3,800 km undersea cable from the Sahara Desert to Devon, Reuters reports.  The project, led by British firm Xlinks and backed by TAQA, Octopus Energy, and TotalEnergies, aimed to supply 8% of the UK’s electricity needs, enough for over 7 million homes, with zero-carbon power. But Energy…

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