UK renewable energy producer Xlinks, noting significant upward pressure on the cost of all energy projects, has warned that construction of the Morocco-UK Power Project could reach $27bn to $30bn, up from the initial $24bn cost plan. Xlinks head James Humfrey also noted in a statement that the estimated strike price for the project now sits between £70-80/MWh, based on 2012 pricing, citing the unavoidable influence of macroeconomic forces. The notable increase in global raw material and energy prices and a surge in global demand for renewables stood behind the adjustments, he said, while high …