Vestas will supply 40 V90 3MW turbines to the Khalladi project in the north of the country. It will also service the machines for 20 years following installation and commissioning by the end of 2017.
The Khalladi project is being financed in part by the European Bank for Reconstruction and Development (EBRD). This is the first Moroccan wind project to get EBRD backing.
Moroccan bank BMCE and the EBRD will each loan €63 million with a 20-year repayment period to help build and operate the €163-million plant.
Shareholders ACWA (70%), African infrastructure fund ARIF (25%) and UPC Renewables (5%) will provide the remaining €37 million as equity.
The project also involves the construction of a substation and a 23km transmission line.
"Being Vestas' first order in Morocco since 2000 this project represents a big step forward for us, as we continue to work hard to build a stronger presence in the country and contribute to the development of the growing Moroccan wind industry," said president of Vestas Mediterranean, Marco Graziano.
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