UK-Morocco Renewable Energy Link Plan Gets $10.2 Million Boost [Financial Post (Toronto, Ontario, Canada)]
GE Vernova Inc. (GEV)
Company Research
Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — GE Vernova Inc. invested $10.2 million in Xlinks First Ltd., the UK company planning a massive renewable power project in Morocco and a 4,000-kilometer (2,500 miles) 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 Chief Executive Officer 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. Article content Article content Xlinks's planned power plant — consisting of wind turbines, solar panels and batteries — in Morocco is expected to bring 3.6 gigawatts of electricity to the UK via the world's longest subsea power cable. With a steadier supply of sunshine and wind in Morocco, the project can guarantee Britain reliable and c
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GEV
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- 4/26/24 - Miss
GEV
Sec Filings
- 5/20/24 - Form 4
- 5/20/24 - Form 4
- 5/20/24 - Form 4
- GEV's page on the SEC website