Monday, 5 July 2010

Morocco unveils $3.5 billion wind power scheme

af.reuters.com
Jun 28, 2010

TANGIER (Reuters) - Morocco unveiled on Monday a wind power project worth 31.5 billion dirhams, which officials said will help increase the share of the country's electricity consumption from renewable sources to 42 percent by 2020. The project will involve building five wind farms to increase the North African state's wind generation capacity to 2,000MWs in 2020 from the approximate 280MWs it currently produces from small wind farms. King Mohammed inaugurated on Monday the first wind farm in Tangier, which has a capacity of 140MWs and cost 2.75 billion dirhams. Officials said the government had selected the other sites of the wind project in Tetouan, Taza, Layoune and Boujdour.

Funding of the wind project will be from a mix of state and private capital, including from foreign investors, the officials said. Morocco is the only North African country with no oil of its own. It seeks to cut its dependency on imported oil and coal by expanding power generation capacity from renewable sources. Last year, it launched a solar power project worth $9 billion, which will account for 38 percent of the North African country's installed power generation by 2020. The solar scheme involves five solar power generation stations across Morocco and will produce 2,000MWs of electricity by 2020.

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