Nareva, Enel and Siemens selected to build $1.1bn wind power projects in Morocco
The Moroccan utility Office National de l'Electricité et de l'Eau Potable (ONEE) has selected a consortium comprising the Moroccan energy company Nareva, Enel Green Power (EGP) and Siemens Wind Power to develop wind projects with an investment of approximately €1bn ($1.1bn).
Upon signing of the contract, the consortium will develop, design, finance, construct, operate and maintain five wind projects, which have a combined power generation capacity of 850MW, in Morocco.
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."
The five wind projects include 150MW Midelt, 100MW Tanger and 200MW Jbel Lahdid which will be built in northern Morocco while 300MW Tiskrad and 100MW Boujdour will be developed in the country's south.
EGP and Nareva will launch five special purpose vehicles (SPV) holding the projects while Siemens will supply wind turbines, with several components manufactured locally.
Power generated from the wind projects will be sold to ONEE under 20-year power purchase agreements.
Planned to be completed between 2017 and 2020, the projects are expected to contribute to the country's aim to generate 42% of power from renewable sources by 2020 and 52% by 2030.
Separately, Siemens has signed an agreement with the Moroccan Government to build rotor blade factory for onshore wind turbines in the country with an investment of more than €100m.
Expected to create up to 700 jobs in Tangier, the factory will serve the African, Middle Eastern and European wind markets upon completion scheduled in spring 2017.
Image: Morocco plans to generate 42% of power from renewable sources by 2020. Photo: courtesy of dan/ FreeDigitalPhotos.net.