Xlinks Raises $38 Million in Funding for UK-Morocco Subsea Interconnection
The investment will go towards running a subsea power cable of 3,800km between the countries, carrying 3.6 GW.
May 2, 2023
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Xlinks, a provider of sustainable energy solutions, announced the closing of its new development funding round, raising £30 million (~$37.7 million). The investment comes from British utility Octopus Energy and the Abu Dhabi National Energy Company (TAQA) to build the world’s longest subsea power interconnector. The project would link the UK to a wind farm in Morocco.
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Sohini Aich
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