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investing in Morocco, Morocco set to begin work on Taza Wind Farm construction

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The Kingdom of Morocco is currently increasing its wind farm production, media reports said. Last week, EDF Renewables and Mitsui & Co announced the construction of the first phase of the Taza Wind Farm will soon commence. The wind farm is located 15km north-west of Taza in north Morocco.

Taza Wind Farm is an integral part of the Kingdom of Morocco’s 2009 national energy strategy. The wind farm seeks to increase the Kingdom’s renewable energy to 42% of its installed electricity capacity by 2020, media reports said. It is reported that the project will be financed by Japan Bank for International Cooperation; Nippon Export and Investment Insurance; Sumitomo Mitsui Banking Corporation; MUFG Bank; and (Moroccan bank) Bank of Africa.

EDF Group senior executive vice-president of renewable energies and CEO of EDF Renewable, Bruno Bensasson, told the media:
“This wind farm demonstrates our commitment to supporting the Kingdom of Morocco’s energy transition. The project first with the goals in the EDF Group’s 2030 CAP strategic plan of doubling its renewable energy capacity worldwide from 28GW to 50GW nets, between 2015 and 2030.” 

It is reported that 500 people will work on the wind farm project during the construction phase. The project is anticipated to contribute to the region’s social and economic development once completed.

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  • Source: https://bit.ly/38rpyPJ

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