Africa

GDF to build ‘Africa’s largest’ wind park

European utility giant GDF Suez has confirmed it is to build and operate what it has dubbed”Africa’s largest” wind farm, to be located in the desert in the south of Morocco.

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

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

Nareva Holding, a major investor in energy projects in Morocco, will match the investment made by GDF Suez.

In addition, the project will also be part financed through €360m ($484m) of debt provided by a group of three Moroccan banks: Attijariwafa Bank, Banque Centrale Populaire and Banque Marocaine du Commerce Exterieur.

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

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