According to bank provided information, the investment involves the provision of a senior debt financing of up to EUR 35 million, in addition to a subordinated loan of up to EUR 13.5 million, to finance the repowering of a 50MW wind farm located in the region of Tlat Taghramt near Tangier in northern Morocco. The Project will be the first repowering project in the region and will increase the wind farm capacity to 100 MW.
A senior secured debt financing of up to € 35 million, in addition to a subordinated loan of up to € 13.5 million with the remaining debt funding being provided by Societe Generale, Attijariwafa Bank, Banque Centrale Populaire and Bank of Africa.
"Koudia Al Baida Project SPV"
A special purpose vehicle to be established in Morocco for the sole purpose of owning, constructing and operating the Project. It will be ultimately 50 per cent owned by MASEN (the Moroccan Agency for Sustainable Energy) and 50 per cent owned by EDF Renewables.
MASEN is a public-owned company established in 2010 in charge of the implementation of the Moroccan renewable energy programme and that aims at reaching the national renewable energy strategy targets.
EDF Renewables is a large renewable energy developer and a subsidiary of the French utility EDF. EDF Renewables develops, builds and operates clean energy power plants in more than 20 countries.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||EDF Energy Renewables||Parent Company||-|
|-||-||-||-||MASEN - Moroccan Agency for Sustainable Energy||Parent Company||-|
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