Germany

Germany

German bank KfW provides loan for new 60 MW project at Cap Sim

German development aid bank KfW has provided a EUR 50 million loan to Morocco's national utility, ONE, to build a 60 MW wind farm at Cap Sim, 15 kilometres south of Essaouira. The EUR 82.5 million project should be online by early 2005 and is expected to generate 200 GWh a year. Half the loan is being provided by the German government, via KfW, and the other half from the bank's own reserves. A call for tenders to build the plant will be issued in 2003. Environmental impact studies are due to be completed by the end of the year. ONE already operates a 3.5 MW wind farm of seven Enercon machines, next to the much larger 50 MW Koudia al Baida wind farm of Vestas turbines in the Abdelkhalek Torres basin. The long awaited close of bidding for two other Moroccan wind farms is still awaited. Two consortiums remain in the selection process for a 140 MW wind farm proposed for two sites in the Tangiers area: Union Fenosa/Izar/EYRA/Bonus; and Enercorp/Sompei Group/Vestas/Renewable Energy Systems. They have been asked to sign a one year (or longer) extension of their bids. No further news has been announced about the bidding process to build a 60 MW wind farm at Tarfaya. When both Essaouira and Tarfaya are complete, Morocco will have an installed capacity of 253 MW.

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