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UK Declares Morocco-UK Xlinks Green Energy Project of “National Significance”
- mytailorisrich 3y ago> Lewis said the costs for the entire project were now estimated at between £20bn and £22bn but insisted the British start-up could build the scheme with “no government subsidy or handout” and that the project would be transformational. [1] > As of May 2022, Xlinks had secured "up to" £40 million in development funding for the project, and it was reported to be close to appointing bankers to help raise the billions of pounds of investment funding required [2] I estimate there is more than 50% chance that this thing is never built. In addition, it seems that the cable would have a 3.5GW capacity so that's effectively how much this would deliver to the UK, at most. This is only slightly more than Hinkley C, and this seems a lot more expensive than building 3.5GW offshore wind capacity in the UK ("2.5-3 billion for 1 GW farm" [3]) [1] https://www.ft.com/content/fc3a1cb5-510e-45cb-bdcb-f64155c67e34 https://www.ft.com/content/fc3a1cb5-510e-45cb-bdcb-f64155c67... [2] https://en.wikipedia.org/wiki/Xlinks_Morocco-UK_Power_Project https://en.wikipedia.org/wiki/Xlinks_Morocco-UK_Power_Projec... [3] https://www.gov.uk/government/publications/offshore-wind-net-zero-investment-roadmap/offshore-wind-net-zero-investment-roadmap https://www.gov.uk/government/publications/offshore-wind-net...