Octopus Energy, Abu Dhabi energy firm invest in UK-Morocco power cable project | Reuters
Abu Dhabi National Energy Company PJSC (TAQA) (TAQA.AD) and Britain's Octopus Energy Group have invested 30 million pounds ($37.36 million0 into a subsea power cable project, which aims to connect Morocco and the UK, project company Xlinks said on Wednesday.
TAQA invested 25 million pounds, and Octopus 5 million in the development funding round, Xlinks said.
The company is planning to lay the world's longest high-voltage direct current (HVDC) subsea cables running more than 3,800 km (2,361 miles) below sea between the UK and Morocco, passing Portugal, Spain and France.
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