European utility giant GDF Suez (GSZ.PA)has confirmed it is to build and operate a wind farm in the desert in the south of Morocco, describing it as “Africa’s largest”.

TheTarfaya wind park will have an output capacity of 300 MW, promising a 40 per cent boost to Morocco’s current total installed wind capacity.

According to Reuters, GDF Suez will invest around EUR90m ($122m) in the project, which is due to enter service at the end of next year.

Nareva Holding, a major investor in energy project sin Morocco, will also match GDF Suez’s investment.

In addition, the project will also be part financed through EUR360m of debt provided by a group of three Moroccan banks: Attijariwafa Bank, Banque Centrale Populaire and Banque Marocaine du Commerce Exterieur, reports Reuters.

According to GDF Suez, Morocco, where the demand for electricity is growing on average at 6 per cent, wants to produce 42 per cent of its electricity from renewable sources by 2020.

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