Enel-Nareva-Siemens consortium to build five wind farm projects in Morocco

WCN Editorial Team 14 Mar 2016 AFRICA ENERGY & UTILITIES

A consortium of Enel Green Power (EGP), Moroccan energy firm Nareva Holding (Nareva) and Siemens Wind Power has been pre-awarded a contract to design, construct, develop, finance, operate and maintain five wind projects in Morocco.

The wind projects, awarded by Moroccan utility ONEE, will have a total capacity of 850MW. Construction on the projects is estimated to entail a total investment of about €1bn, which will be mostly financed through project finance facilities.

Three wind farms, including the 150MW Midelt, 100MW Tanger, and 200MW Jbel Lahdid will be built in northern Morocco. The remaining two facilities, the 300MW Tiskrad and the 100MW Boujdour, will be constructed in southern Morocco.

EGP and Nareva will set up and own five special purpose vehicles holding the projects. Siemens Wind Power will offer the wind turbines, with several components manufactured locally.

The wind farms are expected to be completed and become operational between 2017 and 2020.

Energy produced by the facilities will be sold to ONEE under 20-year power purchase deals.

EGP CEO Francesco Venturini said: “We are leveraging on our knowledge and expertise, in collaboration with our partners, to contribute to Morocco’s ambitious energy plan that has renewables at its core.

“The country is an example in North Africa of reliability and transparency in supporting the development of renewable technologies.”

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