Vestas obtains 120 MW wind order from Morocco

03/08/2016 10:13 Renewable


Vestas obtained a 120 megawatt wind turbine order for the Khalladi wind park, in the windy Tangiers area of northern Morocco, the firm made known on Tuesday.

Vestas will offer 40 units of 3 megawatt wind turbines to the wind park. The park will be the first clean energy project funded by the European Bank for Reconstruction and Development (EBRD) in Morocco to permit to private producers to sell power through electricity purchase agreements to industrial off-takers. In addition to the EBRD, the project will be co-financed by the Moroccan bank BMCE and Argan Infrastructure Fund, an Africa-focused infrastructure fund run by Infra Invest, according to Vestas. The Danish firm declared the order will enhance Vestas' increasing presence in the region which has either already installed or under construction over 900 megawatts of capacity in Africa. Turbine delivery is scheduled for the second quarter of 2017, while commissioning is estimated for the fourth quarter of 2017.

Daily (14.11.2019): EUAs rebounded by 1% on Wednesday, amidst a lack of auction supply and positive economic data

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Crude oil prices inched higher on Wednesday, stimulated by upbeat economic comments from Jerome Powell, the Chair of Federal Reserve. A drop in U.S. crude stocks and a positive outlook on oil markets from OPEC also supported prices. On this background, WTI futures rose by 0.6% to $57.12 a barrel, while Brent crude edged 0.5% higher at$62.37 a barrel.


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