Entering a new phase in its development, ACWA Power Khalladi opens its Capital to SAHAM Assurances a new institutional investor, who will hold 24% of the Capital and who will sit on the Board of Directors. ACWA Power continues to have a controlling stake of 51% and in charge of the operations and maintenance through its affiliate NOMAC.
The 120 MW Khalladi wind farm which is operational since 2018 supplies clean power to a number of large industrial companies in Morocco at competitive prices. The energy that the plant produces and supplies annually to industrial companies is equivalent to a yearly average consumption of a city of 400,000 people and will contribute to the reduction of more than 144,000 tons of CO2 emissions per year.
The Moroccan utility ONEE (Office National de l'Electricité et de l'Eau Potable), the Moroccan Agency for Sustainable Energy (“MASEN”) and Midelt Wind Farm SA, a vehicl...
Read moreThe EIB Board approved financing worth EUR1 billion (US$1.14 billion) for new energy investment. This includes backing a 42 MW solar project in Poland, two 500 MW solar schemes in Morocco and a 420 MW...
Read moreSENER is about to start the final tests at Noor Ouarzazate III, after completing, last August, the first synchronization of the 150 MW Concentrated Solar Power (CSP) plant to the Moroccan grid. With t...
Read moreIFC, a member of the World Bank Group, has forged a new partnership with Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa.
Read moreSoluna Technologies, Ltd. has announced plans to develop a 900 MW wind farm in Morocco which will power a utility-scale blockchain computing facility. The total investment required for...
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