Morocco: EIB to finance three wind plants
Issue 266
- 25 Nov 2013
| 2 minute read
The European Investment Bank (EIB) is considering financing the construction of three wind farms: at Midelt in the Atlas Mountains (150MW), near Tangier (100MW) and at Essaouira (200MW) on the Atlantic coast. The projects’ total cost is estimated at €704m ($952m), with the EIB funding coming in the form of a loan to the parastatal Office National de l’Electricité et de l’Eau Potable (ONEE). The EIB has not yet decided the size of its contribution to the projects, which are part of the 850MW second phase of the Moroccan Wind Programme.
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