A start-up with former Tesco chief executive Sir Dave Lewis as executive chair is planning to build the world’s longest undersea electric cable, stretching 3,800km between north Africa and Britain.
Xlinks is proposing to complete the £16bn Morocco-UK link by the end of this decade, delivering enough electricity to power more than 7m British homes.
Lewis said the project was also raising £800m to build three production facilities in the UK in a bid to tap into growing demand for the electric cables used for offshore wind farms and undersea interconnectors.
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