Octopus Energy, Abu Dhabi energy firm invest in UK-Morocco power cable project

Octopus Energy, Abu Dhabi energy firm invest in UK-Morocco power cable project

Abu Dhabi National Energy Company PJSC (TAQA) and Britain's Octopus Energy Group have invested 30 million pounds ($37.36 million) into a subsea power cable project, which aims to connect Morocco and the UK, project company Xlinks said on Wednesday.

Morocco-UK Submarine Cable: Taqa, Octopus Energy Invest GBP 30 Mln in Xlinks Project

Abu Dhabi National Energy Company PJSC (Taqa) and Octopus Energy Group will invest £25 million and £5 million respectively in the "Xlinks" renewable energy project relating to the installation of submarine cables between Morocco and the UK.

Abu Dhabi National Energy Company, Britain’s Octopus join Morocco-UK energy link – The North Africa Post

Abu Dhabi National Energy Company (TAQA) and Britain’s Octopus Energy Group have joined the Morocco-UK subsea energy interconnection project led by Xlinks. The two companies have invested 30 million pounds ($37.3 million). TAQA invested 25 million pounds and Octopus 5 billion, Xlinks said. “The huge potential of the Morocco – UK Power Project will help […]