.<\/span><\/p>\n\u201cThe government has concluded that it is not in the UK national interest at this time to continue further consideration of support for the Morocco-UK Power Project,\u201d Energy Department Minister Michael Shanks said in a written statement to parliament.<\/span><\/p>\nAlthough the UK government has set a goal to decarbonize its electricity sector by 2030 mostly, it stated on Thursday that investing in domestic energy projects would likely yield greater economic benefits.<\/span><\/p>\n<\/p>\n
Shanks added that the project wasn\u2019t clearly in line with the government\u2019s strategic aim to foster homegrown power in the UK.<\/span><\/p>\nChair of Xlinks and former CEO of Tesco, Dave Lewis, expressed deep disappointment over the decision.\u00a0<\/span><\/p>\n\u201cMore than \u00a3100 million ($137.38 million) has already been invested by prominent players in the energy sector for the project\u2019s development phase, and there\u2019s more lender interest in the construction phase than we actually need,\u201d he said via email.<\/span><\/p>\n\u201cWe are now working to unlock the potential of the project and maximise its value for all parties in a different way,\u201d Lewis added.<\/span><\/p>\nThe <\/span>Morocco-UK Power Project,<\/span> developed by Xlinks, would have generated solar and wind energy in Morocco\u2019s sunny Tantan region and transported it through 3,800 kilometers (approximately 2,361 miles) of high-voltage direct current (HVDC) subsea cables to southwest England.\u00a0<\/span><\/p>\nThe project could have supplied electricity to millions of homes, reduced carbon emissions by 10%, and lowered energy bills.<\/span><\/p>\nXlinks had requested a \u201ccontract for difference\u201d from the UK government\u2014a mechanism that would secure a minimum price for the electricity delivered.<\/span><\/p>\nWhile the initiative was previously designated as being of \u201cnational significance\u201d by the former Conservative administration, it encountered various financial and regulatory barriers.<\/span><\/p>\nAmong its early backers were TAQA from Abu Dhabi, Total Energies, and Octopus Energy, though Xlinks has not disclosed the exact percentages each company holds.<\/span><\/p>\n<\/p><\/div>\n Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from content and romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation<\/p>\n","protected":false},"excerpt":{"rendered":"
The United Kingdom government has turned down the proposed \u00a325 billion green energy project with Morocco that aimed to bring cheap solar and wind energy from the Sahara to power up to seven million British households, according to media reports. \u201cThe government has concluded that it is not in the UK national interest at this […]<\/p>\n","protected":false},"author":5,"featured_media":8809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[13],"tags":[940,836,3092,3096,3097,1182,806,234,3095,623,796,4201,3093,2053,3088,3094,3098,8151,7526],"class_list":["post-8808","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-american","tag-billion","tag-characters","tag-content","tag-creation","tag-dont","tag-energy","tag-experience","tag-expert","tag-government","tag-green","tag-moroccouk","tag-native","tag-project","tag-rephrase","tag-speaker","tag-talk","tag-turns","tag-xlinks"],"_links":{"self":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/8808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/comments?post=8808"}],"version-history":[{"count":1,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/8808\/revisions"}],"predecessor-version":[{"id":8810,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/8808\/revisions\/8810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media\/8809"}],"wp:attachment":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media?parent=8808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/categories?post=8808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/tags?post=8808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}