UK-Morocco renewable energy link plan gets $10.2m boost

GE Vernova invested $10.2-million in Xlinks First, the UK company planning a massive renewable power project in Morocco and a 4 000 km undersea cable to deliver the energy to Britain. The investment helped close the latest funding round for Xlinks First, capping $110-million raised to date, according to CEO James Humfrey. It’s an incremental step for the company as it advances a project it estimates will cost as much as £24-billion ($30.1-billion) to construct.