Masen and its partner EDF Renouvelables announce the financial closure of the repowering of the Nassim Koudia Al Baida wind farm in Morocco.
This repowering will double the production capacity to 100 MW instead of the 50 MW initially installed in 2000 by the National Office for Electricity and Drinking Water (ONEE).
The project is financed by the use of commercial loans from both national and international banks, namely: AttijariWafa bank, Banque Centrale Populaire, Bank of Africa, European Bank for Reconstruction and Development (EBRD), and Société Générale France.
The financial closure of Nassim Koudia Al Baida announces the immediate launch of construction work on the wind farm and in particular the manufacture of the blades, provided by Siemens-Gamesa in its Tangier factory.
As soon as it comes into operation, scheduled for the 2nd quarter of 2024, the annual electricity production of Nassim Koudia Al Baida will meet the consumption needs of around 420,000 inhabitants and will avoid the emission of the equivalent of 308,000 tonnes of CO2. per year.
The Nassim wind plan, like the Noor solar plan, brings together under the same name all the wind projects carried out by Masen, contributing to the Kingdom's objective of achieving at least 52% renewable capacity in its mix. electricity by 2030.