The British company GE Vernova revealed the launch of a huge renewable energy project in Morocco, and an investment of about $10.2 million in the company "Exlinx First", by laying a 4,000 km undersea cable to deliver energy to Britain.

James Humphrey, CEO of Excellinx First, stressed that the project is considered a step forward in the company’s journey, noting that its construction cost is estimated at approximately 24 billion pounds sterling, pointing out that the investment helped support a financing round for Excellinx First. It raised about $110 million.

The planned power station – which is affiliated with the company "Exlinx" and consists of wind turbines, solar panels and batteries in Morocco – is expected to provide 3.6 gigawatts of electricity to the United Kingdom, through a cable intended to connect undersea energy to the world, and this comes in light of the presence of… More stable supply of sunshine and wind in Morocco.

By implementing this project, Britain can obtain clean, reliable and cheaper electricity, especially in times of low production in the United Kingdom.

Several investors will participate in the project, for example, Total Energy, Abu Dhabi National Energy, and Octopus Energy, which is considered the largest retail power generator in the United Kingdom.

The project offers a price of between 70 and 80 pounds per megawatt per hour, which is higher than the price of onshore wind and solar energy in the United Kingdom, but at the same time it is considered lower than the price of 92.50 pounds per megawatt per hour granted to the Hinkley Point station. C for nuclear energy.

Exlinx is in the development stage, and plans to use most of the funding it raises to conduct separate research along its target cable route.