Morocco to attract USD 1.6bn of global investment for wind power programme

Morocco will mobilise around MAD 14.5 billion (USD 1.59bn/EUR 1.38bn) of global investment to finance a 1,000-MW integrated wind energy programme, the ministry of foreign affairs said on Tuesday.

The capital is meant for wind parks located across the kingdom which will be fully commissioned by 2024.

Among the projects in the programme are five wind parks -- Midelt of 180 MW, Boujdour of 300 MW, Jbel Hdid of 200 MW, Tiskrad of 100 MW and Tanger 2 of 70 MW.

Morocco has already put into operation more than 4,000 MW of renewable energy and the share of green electricity has reached 37% of the energy mix. The North African country seeks to raise the share of renewables to 52% by 2030.

(MAD 1.0 = USD 0.110/EUR 0.095)

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