The African financial company announces its membership in the Xlinks project

When it comes to energy, Morocco is slowly but surely making progress. The Africa Finance Corporation (AFC) recently announced its membership of the massive ‘X-Links’ project aimed at exporting clean energy from Morocco to the United Kingdom. This project is considered one of the largest energy investments in Africa, costing more than $20 billion, and promises energy independence.

This innovative plan includes the construction of solar and wind power plants in Morocco and the transfer of energy produced by submarine cables to the United Kingdom. The project aims to produce 10.5 gigawatts of solar and wind energy, half of which will be stored in batteries to ensure sustainable supply.

In this sense, the Chairman of the AFC, Samaila Zubairu, emphasized that “ this initiative reflects Africa’s commitment to environmental and sustainable investments and highlights the continent’s enormous potential in renewable energy “.

Besides the company “ X-Left » who is leading the project, there are other companies participating in this energy boom: “ Total Energies “, ” General Electric » and the company « TAQA » from the United Arab Emirates.

The project is estimated to help meet around 8% of Britain’s annual electricity needs, strengthening the path to energy sustainability and reducing harmful emissions. The project is also expected to have a positive impact on the economies of the participating countries, in addition to strengthening international cooperation in the field of renewable energy and the environment.

The project is also expected to contribute to strengthening sustainable development in Morocco by supporting the green economy and strengthening its ability to meet its energy needs in a clean and sustainable way.

Transferring energy from Morocco to Britain requires advanced infrastructure, meaning the project will boost energy infrastructure investment in Morocco, consolidating the country’s technical and economic capabilities.

In addition, it will strengthen Morocco’s ability to be economically competitive by positioning itself as a hub for clean energy production and exporting it to global markets, confirming its position as a major player in the energy industry.