Dubai: The Abu Dhabi energy firm Taqa is committing Dh113 million (25 million pounds) into a renewables project in Morocco that will in the future provide 8 per cent of the UK’s power requirements from 2030 onwards.

Taqa’s funding for Xlinks First Ltd. Has been done along with Octopus Energy Group, which put in Dh22 million (5 million pounds).

With this funding, Xlinks will undertake development of the world’s longest high-voltage direct current (HVDC) subsea cables between the UK and Morocco. It will pass through Portugal, Spain and France as part of the Morocco – UK Power Project.

It is one of multiple ‘first-of-a-kind’ long-distance renewable energy generation and cross-border export projects being planned globally.

More to follow...