The Government is currently in discussions with XLinks to build and carry energy through the Morocco – UK Power project, which is a “first of its kind” underwater cable that will give Britain access to vast quantities of renewable energy. The energy startup is looking to build a 3,800km long pipeline, harnessing massive amounts of solar energy coming from Morocco, a country that boasts of some of the most favourable conditions anywhere in the world for capturing solar energy.
According to Sir Dave Lewis, chairman of Xlinks, the cable will provide energy at half the price of what the UK will pay for their upcoming nuclear power plant Hinkley Point C.
Speaking on SkyNews, he said: “The energy that will come from Morocco as part of Xlinks will be at £48/MWH, which is compared to £92.50, which is what the Government will pay for Hinkley Point C.
“There are long-distance, high-voltage cables currently above ground and underwater.
“The longest one is a UK links Norway to the UK.
“This new one will be 3,800km and as part of the project, we will build three new factories in the UK to produce it.”
The Project is expected to take four years to produce, costing around £16billion, half of which is for constructing the cable.
Sir Lewis continued: “It will link to the National Grid in North Devon and if commissioned before this year, electricity will start flowing in 2027.
“To put that into context, it will supply eight percent of the UK’s requirement.