Wind power for Morocco
Renewable energy generation in Morocco has received a boost with an investment by the EBRD and Banque Marocaine du Commerce Extérieur (BMCE) plus a concessional loan of €10 million from the Climate Investment Fund’s Clean Technology Fund (CTF). This funding will enable the construction, operation and maintenance of the Khalladi wind farm, near Tangiers.
The 120 MW wind farm is the first private renewable project financed by the EBRD in Morocco. It is expected to reduce greenhouse gas emissions by over 200,000 tonnes of CO2 per year, comparable to the annual emissions of 80,000 cars.
The Khalladi wind farm will also be one of the first such projects in the country to be developed under the renewable energy law. This legislation allows private producers to sell electricity directly to clients – mainly industrial companies – connected to the high-voltage and medium-voltage grid.
Khalladi is also the first project under the EBRD’s US$ 250 million financing programme for renewable energy generation in the southern and eastern Mediterranean region. The programme supports the generation of renewable electricity by private sector energy firms in Morocco, Egypt, Tunisia and Jordan. EBRD loans under this programme are complemented by financing from the Global Environmental Fund and the CTF. In parallel, the EBRD remains active in policy dialogue with the Ministry of Energy on further liberalisation of the power sector in Morocco.