Morocco: Crowdfunding closes financing gap for wind project


Issue 391 - 03 May 2019 | 3 minute read

French renewables developer InnoVent has taken its Oualidia wind plant to financial close and started construction despite having no long-term power purchase agreement. It has overcome the hurdles that have prevented many private sector projects developed under renewable energy law 13-09 from advancing by deploying secondhand equipment to keep down costs, and by crowdfunding part of the debt finance.According to data posted on the French crowdfunding website Lendosphere, InnoVent is already building the 35MW Oualidia wind plant (originally conceived as two 18MW plants).

Tagged with:

Pin Power

Pin Morocco

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register