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Construction Starts on Taza Wind Farm in Morocco

Power News - Published on Tue, 15 Sep 2020

Image Source: EDF Renewables Mitsui Taza Wind Farm
EDF Renewables and Mitsui & Co Ltd announced the start of the construction work of the first phase of the Taza wind farm, which lies around 15 km north-west of Taza in northern Morocco. This first phase of the wind farm, consisting of 27 wind turbines, will have a total capacity of 87 MW. The project benefits from a 20-year Power Purchase Agreement with the National Office of Electricity and Drinking Water and the Moroccan Agency for Sustainable Energy. This milestone follows the establishment of the financing provided by the Japan Bank for International Cooperation, Nippon Export and Investment Insurance, Sumitomo Mitsui Banking Corporation, MUFG Bank Ltd, as well as the Moroccan bank Bank of Africa, and the execution of the necessary agreements with the relevant Moroccan public entities: ONEE and MASEN.

Partners EDF Renewables and Mitsui & Co Ltd will respectively represent 60% and 40% of the private interests in the project. The Moroccan public part – from the ONEE, MASEN and the Hassan II Fund, established in 2000 to support investment in Morocco’s infrastructure and structuring projects – could hold up to 35% of the project company’s capital.

During the construction phase, around 500 people will work on the project, and throughout its life operation, the Taza wind farm will contribute to the region’s social and economic development.

Upon entry into service, beginning 2022, the power generated will be equivalent to the annual consumption of 350,000 people, i.e. 70% of the population of Taza Province.

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Posted By : Yogender Pancholi on Tue, 15 Sep 2020
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