First Independent Mena Newspaper
The Moroccan government, electricity and water supplier ONEE together with a consortium including Mohammed VI Investment Fund, TAQA Morocco and Nareva agreed to join forces to develop a sweeping infrastructure program aimed at securing water and bolstering energy production by 2030, for a total investment cost estimated at $14 billion. The investments have been ushered […]
Morocco’s National Office of Electricity & Drinking Water (ONEE) has partnered with GE Vernova’s Gas Power business and Nareva to decarbonize Laâyoune Power Plant, which is powered by three GE Vernova 6B heavy-duty gas turbines. The project, first of its kind in Africa, will enable the North African Kingdom to generate carbon-free electricity using green […]
Morocco seeks to make the power plant of Laayoune, the largest city in the Moroccan Sahara, operate on green hydrogen instead of heavy fuel as part of its low-carbon goals. In this respect, a Memorandum of understanding was signed by Morocco state-owned water and electricity company ONEE, NAREVA, and GE Vernova to conduct a feasibility […]
Moroccan leading independent power producer Nareva and Enel Green Power (EGP), a leader in renewable energy, have signed all financing agreements for the construction in Midelt of the first of the wind farms included in the 850 MW integrated project. The construction of Midelt wind farm, whose capacity amounts to 180 MW, is expected to […]
Italy’s Enel Green Power (EGP) said it launched a green bond totalling $1.2 billion to fund its green projects, notably the 850MW wind energy projects in Morocco, local media said. The Italian energy giant said in a statement that the green bond would help fund renewable energy projects covering the development, construction and repowering of […]
Morocco’s leading bank group Attijariwafa bank Monday marked its intention to address energy dependency on the continent as it launched the African Fund for Energy Efficiency (AFEE) established to support companies eager to reduce their energy consumption. The group is aligning itself with global climate event taking place in the Moroccan city of Marrakech. The […]