The “Xlinks First”, which is tasked with implementing the Morocco-UK electricity interconnection project, has teamed up with NY listed “GE Vernova”, announcing a $10.2 million investment in the project.

The investments aim to accelerate the delivery and construction of the project, which combines wind and solar energy with flexible battery storage, with the aim of providing 3.6 GW of reliable, clean, and affordable electricity, equivalent to 8% of Britain’s electricity needs.

The British company confirmed that the new power plants and battery storage facilities in Morocco will be connected to Britain via 4,000 km of HVDC submarine cables.

With this investment, GE Vernova joined the African Finance Corporation, TAQA of the UAE, Total Energies and Octopus as one of the leading investors in the project.

The project is expected to help meet rising electricity demand in Britain, which is suffering from a power crisis exacerbated by the decline in European dependence on Russian oil, which provided the old continent with a stable source of energy.
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Morocco has succeeded in achieving a distinguished position among the top ten countries in the world in attracting international public financing for renewable energy projects.

According to a report issued by a group of international organizations, Morocco ranked ninth, receiving a total of $5.6 billion between 2010 and 2022.

The report, prepared by the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), the World Bank, the United Nations Statistics Division (UNSD), and the World Health Organization (WHO), tracks progress towards achieving the UN Sustainable Development Goals (SDGs).

The majority of the funding Morocco received was directed towards solar energy projects, followed by wind energy projects and other renewable energy sources, including hydropower.
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