Nareva accelerates in Boujdour with a new wind farm of more than 300 MW

The two banks are acting as lenders in the project financing for Boujdour II, the firm Ashurst Perkins Coie, which advised them on the transaction, said on Tuesday, September 8. The amount of the financing was not disclosed.

The wind farm is being developed by Énergie Éolienne du Maroc (EEM), a wholly owned subsidiary of Nareva. Ashurst Perkins Coie refers to an installed capacity of “more than 300 MW,” while Nareva lists Boujdour 2 at 300 MW in its project portfolio.

A new tranche intended for industrial customers

Boujdour II is EEM’s sixth development phase. Unlike the first Boujdour wind farm, which was incorporated into the 850 MW program with ONEE, this platform is intended for private customers, to whom renewable electricity is sold under power purchase agreements.

Nareva states that EEM currently has 1 150 MW of wind power capacity, including 850 MW in operation and 300 MW under construction. The subsidiary produces approximately 3.3 TWh of electricity per year for its industrial customers.

The first Boujdour wind farm, with a capacity of 300 MW, entered operation in 2023. Boujdour II will therefore add a new tranche of capacity in the same region.