- Press Releases
August 3 (Renewables Now) - Dubai-based clean power producer AMEA Power and its partner GPM Holding have begun the construction works on a 34-MW solar plant in Morocco.
The USD-37-million (EUR 36.2m) photovoltaic (PV) park is financed by major local commercial bank Attijariwafa, AMEA Power said on Tuesday.
Located in Tangier, northwestern Morocco, the solar project is AMEA Power’s first in the country. It was developed by GreenPower Morocco 1, a project company owned by the Dubai-based power producer and GPM Holding.
When operational, the solar park is expected to have an annual power production of about 66,149 MWh, enough to meet the consumption of more than 19,200 homes per year.
The power from the PV farm will be delivered to local drinking water and electricity distributor Amendis, a subsidiary of Veolia Morocco, under a 25-year power purchase agreement (PPA).
The PV scheme was developed under the Moroccan 13-09 framework, in which a PPA is signed with a well-established local commercial and industrial (C&I) player. It is one of two solar projects with a combined output of 72 MW that AMEA Power won earlier this year in a tender launched by the Moroccan Agency for Sustainable Energy (Masen) and the Ministry of Energy Transition and Sustainable Development.
(USD 1.0 = EUR 0.978)