Allen & Overy advises MASEN and EDF Renouvelables on repowering of the Koudia Al Baida wind farm
21 July 2022
Allen & Overy has advised the Moroccan Agency for Sustainable Energy (MASEN) and EDF Renouvelables on the financing of the repowering of the Koudia Al Baida wind farm, located in the region of Tlat Taghramt near Tangier in northern Morocco.
Koudia Al Baida Energy Company, the SPV owned by MASEN and EDF Renouvelables, has received senior loans from the European Bank for Reconstruction and Development (EBRD), Société Générale, Attijariwafa Bank, Banque Centrale Populaire, and Bank of Africa.
Lead partner Antoine Haddad commented: “We were fortunate to have had the chance to support EDF Renouvelables and MASEN on this market first repowering and contribute to the implementation of the Kingdom of Morocco’s clean energy transition objective.”
Once the project is completed in mid 2024, Koudia Al Baida wind farm will double its capacity, reaching 100MW and deliver energy to 42,0000 people, getting one step closer to the country's objective, which calls for clean energy to make up 52% of Morocco's energy mix by 2030.
The Koudia Al Baida wind farm, the first independent renewable energy producer in Morocco and the oldest utility-scale wind farm in Africa, will be the first wind-repowering project for both Morocco and the wider Africa.
For further information, please contact Amal Ounir in Casablanca on firstname.lastname@example.org.