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UK Won’t Back 2,500-Mile UK-Morocco Subsea Power Cable Project

Bloomberg · last updated

The UK government won’t back the £24 billion ($33 billion) Xlinks First Ltd. project to bring renewable energy from Morocco via undersea cables.

After evaluation by a team of government officials, the UK decided not to support the venture, which would be the first of its kind and carry a “high level of inherent, cumulative risk,” according to a statement Thursday.

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