Miliband ditches £25bn Morocco to Britain undersea power line project to focus on domestic renewables
Proper news from Britain - News from Britain you won’t find anywhere else. Not the tosh the big media force-feed you every day!
Ed Miliband has withdrawn support for a 2,500-mile undersea power line which would have linked Britain with Moroccan wind and solar farms.
Former Tesco boss Dave Lewis, chairman of the £25billion XLinks project, said its backers have been left ‘hugely surprised and bitterly disappointed’ by the Secretary of State for Energy Security and Net Zero’s decision.
They claim the project would meet up to 8 per cent of the UK’s power needs and reduce prices by 9 per cent.
The Government yesterday said it believed domestic renewable projects could offer ‘better economic benefits’ – and that the power cable plan had too much ‘inherent risk related to both delivery and security’.

DIY INVESTING PLATFORMS
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
Compare the best investing account for you