Get the latest tech news
Britain Shuns $34 Billion Morocco-UK Subsea Power Project
The UK government has rejected the 25 billion ($34.39 billion) pound Morocco-UK Power Project, citing a preference for domestic renewable initiatives that offer greater economic and strategic benefits. The project aimed to supply solar and wind energy from the Sahara to power up to seven million UK ...
Reuters reports:"The 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," energy department minister Michael Shanks said in a written statement to parliament. The plan involved building 3,800 kilometers (2,361 miles) of high-voltage direct current subsea cables from Morocco to southwest England. The company had been seeking a guaranteed minimum price for the electricity supplied, known as contract for difference, from Britain's government.
Or read this on Slashdot