A POTENTIAL £87 million cash injection to help finance the £1.7b Hunterston cable manufacturing project has been announced today.
The UK Infrastructure Bank (UKIB) has revealed an investment in subsea HVDC cable manufacturer XLCC to develop the new world-leading factory in North Ayrshire.
Subsea HVDC cables built at Hunterston will be capable of transporting energy over long distances with significantly increased efficiency.
As such, they will play a ‘fundamental role in the upgrade of the grid required for the energy transition’.
This will enable the connection of renewables at scale and allow the clean energy produced by wind farms in the North Sea to be transported to homes and businesses around the country – strengthening energy security and supporting decarbonisation. https://www.ardrossanherald.com/news/24610694.hunterston-major-funding-boost-xlcc-cable-facility/
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