Construction starts on Morocco's Tarfaya wind farm
GDF SUEZ and Nareva Holding get to work on 300MW capacity plant
GDF Suez and Nareva Holding have announced that construction has started on Morocco’s Tarfaya wind farm project. The facility, which will have a 300MW capacity when completed, is set to be the largest wind farm in Africa, and will contribute 15% of the target the country has set for renewable energy development.
The site is set to be managed by the Tarfaya Energy Company, a joint venture firm set up by GDF SUEZ and Nareva. State utility Office National de l’Electricite et de l’Eau Potable is set to purchase produced power from the project under a 20-year Power Purchase Agreement on a Build, Own, Operate and Transfer scheme.
The wind turbines will be supplied, installed, commissioned and tested by Siemens Wind Power, with electrical works being supplied by Siemens Maroc.
Full commissioning of the site is scheduled before the end of 2014.
“Morocco is a dynamic country that produces robust economic growth and offers an attractive investment climate with a high potential for energy infrastructure development. The GDF SUEZ Group is an established player in onshore wind energy and we will be able to draw on that experience to realise the Tarfaya project. Together with our Moroccan partner Nareva Holding, we are proud to be part of this project that supports the Kingdom’s ambition to become the regional leader in renewable energy,” said GDF SUEZ executive vice-president, Dirk Beeuwsaert.
Morocco has set itself an impressive target of having 42% of its installed electricity capacity coming from renewable energy sources by 2020, reducing carbon emissions and bolstering energy independence.
Nareva Holding CEO, Ahmed Nakkouch, added: “After having successfully implemented its first 200 MW wind project in the framework of the new legislation liberalising power generation from renewable energy, Nareva, in partnership with GDF SUEZ, will now start building the Tarfaya wind farm. These two projects establish Nareva as the national private operator with the ambition to develop energy projects that contribute to building the nation’s economy.”
Project financing of around US $478 million is being provided by three Moroccan banks – Attijariwafa bank, Banque Centrale Populaire and Banque Marocaine du Commerce Exterieur.