The European Bank for Reconstruction and Development launched a private renewable project in Morocco

July 2, 2018
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The inauguration of the Khalladi wind farm in Morocco on June 29 marked the official launch of the EBRD’s first private renewable project financed in the country.

In 2015, the EBRD, the Banque Marocaine du Commerce Exterieur (BMCE) and the Climate Investment Funds’ Clean Technology Fund (CTF) extended a loan of €120 million to the project company ACWA Power Khalladi, without state support. The funding went towards the development and construction of the wind farm, which began generating power in December 2017 and is now fully operational.

The Khalladi Wind Farm is one of the first private renewable energy projects in the country developed under a renewable energy law that allows private producers to sell electricity directly to clients connected to the high voltage and medium voltage grid, most of which are industrial companies.

The completed wind farm has 40 wind turbines with a total capacity of 120 MW, will produce around 380 GWh per year to be sold to large industries, and is expected to reduce greenhouse gas emissions by over 200,000 tonnes of CO2 per year.

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Countries covered:

  • Morocco