Morocco’s Taza Wind Farm Secures Financing for First Phase, Set to Launch in 2021

Several project contracts relating to the realization of the first phase of the wind farm were signed on December 25 in Rabat by Abderrahim Hafidi, CEO of the National Office of Electricity and Drinking Water (ONEE), Mustapha Bakkoury, CEO of the Moroccan Agency for Solar Energy (MASEN), and Nguyen Huy Cuong Dao, Vice President of the EDF Renewables (France) group and the Japanese company "Mitsui".

The stakeholders also signed financing contracts with the group of Japanese banks (JBIC, NEXI, MUFG and SMBC) as well as with the Moroccan bank, namely BMCE Bank.

The financing of this first phase of the project, whose commissioning is scheduled for the end of 2021, is completed, it is indicated. The first phase of the Taza wind farm includes the construction of 27 wind turbines with a unit capacity of 3.23 MW, manufactured by General Electric, it is further specified.