An innovative subsea cabling system that will bring clean energy to seven million British homes is being boosted with large cash injection.
The project, located at Hunterston in Scotland, will involve using four vast 3,000 km cables to link a solar plant in Morocco with the Scottish site. The ambitious clean energy project will use the giant cables to transmit solar-generated energy from the Moroccan desert, to UK homes.
The project has now also won significant new investment, offering greater hope that Britain can escalate its plans to wean itself off expensive and unreliable sources of fossil fuels. With energy bills soaring and consumers concerned already about the next price cap removal, the XLinks Power Project provides the hope of reliable, low-cost clean energy and the chance to deliver this green power to seven million UK properties.
The project is still in development but has already been hailed as a 'first of its kind' innovation that could help to transform the UK's energy mix. German investor, Conenergy, has struck a strategic and financial partnership to collaborate with Xlinks on the project.
Conenergy CEO, Roman Dudenhausen, said that the project is innovative, bold and sustainable and a potential game changer for bringing renewable energy and security to the region. He added that the company was also discussing four additional projects with Xlinks.
The project will combine wind and solar generation assets with advanced energy storage facilities, connected entirely through subsea HVDC cables with 3.6GW of receiving capacity. The hope is that it will be fully operational by 2030. In total, this single project should be capable of delivering 8% of the Uk's total energy needs, and it will cost c. £16 billion to deliver, with over half of the costs going directly on the cable construction.