The Anonymous Widower

Xlinks Welcomes New Investor Octopus Energy In Providing Cheap Green Power To Over 7 Million Homes

The title of this post, is the same as that of this press release from Xlinks.

These are the first three paragraphs.

Xlinks is pleased to announce a financial and strategic partnership with energy tech pioneer Octopus Energy Group.

The Morocco – UK Power Project will speed up the UK’s transition to net zero by laying four 3,800km-long subsea cables to connect a huge renewable energy farm in the Moroccan desert with Devon in South West England. Morocco is setting its sights on becoming a world leader in solar energy, already boasting some of the world’s largest solar arrays, and meeting two-fifths of its electricity demand with renewables. There will be huge economic benefits to both countries involved, with Xlinks bringing green energy and engineering jobs to both the UK and Morocco.

The project will diversify UK supply routes and boost energy security through the supply of 3.6 GW of reliable, clean power to the UK for an average of 20 hours a day, enough green energy to power about 7 million homes.

Note.

  1. The cables will be nearly 2,400 miles
  2. It is scheduled to be operational in 2027.
  3. Xlinks is expected to deliver power at £48/MWh, which is comparable with offshore wind.
  4. Wikipedia talks of a Hinkley Point C strike price of £92.50/MWh (in 2012 prices).
  5. Greg Jackson, founder of Octopus Energy Group, is also a personal investor in the project.
  6. Greg Jackson is interviewed in this article in today’s Sunday Times.

I wrote more about this project in Moroccan Solar-Plus-Wind To Be Linked To GB In ‘Ground-Breaking’ Xlinks Project.

Conclusion

This mega-project could be approaching the point, where the starting gun is fired.

 

May 15, 2022 - Posted by | Energy | , , , , , ,

3 Comments »

  1. This will be same Octopus that likes to tell me how all my energy is sourced from renewables so when i questioned them why my tariff had gone up by 80% they explained that they have to use the system marginal price which is set by gas!!

    This scheme feels cloud cuckoo to me surely would be better for Morocco to be locked into the European grid to Spain but it seems the West won’t tolerate OH pylon routes anywhere anymore and everything needs to be done in expensive cables which are vulnerable on the seabed. What to stop some terrorist organisation just blowing them up.

    Comment by Nicholas Lewis | May 15, 2022 | Reply

  2. Octopus gives its view at https://octopus.energy/sahara/

    Comment by Peter Robins | June 29, 2022 | Reply

  3. […] I first wrote about the tie-up between Octopus Energy and Xlinks in Xlinks Welcomes New Investor Octopus Energy In Providing Cheap Green Power To Over 7 Million Homes. […]

    Pingback by Octopus Energy On Xlinks « The Anonymous Widower | June 29, 2022 | Reply


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