Boston, MA 09/23/2014 (wallstreetpr) – General Electric Company (NYSE:GE)’s first wind farm located in southern Morocco, North Africa is coming to life gradually. The company has decided to infuse 56 1.7-100 wind turbines in the project. The wind farm has been developed by (EEM) Energie Eolienne du Maroc, a fully owned subsidiary of Nareva Holding.
GE Wind Turbines to Support Africa’s Renewable Energy Goals
The wind turbines supplied by the company will assist North Africa in living up to their goals of renewable energy. Also, the objective is to offer better economic returns for EEM by proving effectiveness of wind as a form of energy generation.
The contract was signed between the CEO & President of GE’s Turkey, Middle East and North Africa region, Nabil Habayeb as well as Nareva Holding’s Energy Pole Director, Mohamed Sebti.
General Electric Company (NYSE:GE) agreement will complement the efforts of Morocco Government to fully develop Integrated Wind Energy Project. With the completion of this project, Morocco will be able to generate wind power amounting 2000 MW by 2020. This will include the investment worth 31.5 billion Moroccan Dirhams.
GE’s Technology and Morocco’s Commitment
The General Electric Company (NYSE:GE) Chairman and CEO, Jeff Immelt, in this regard said that the agreement indicates commitment of their company towards wind energy development project of the country. He added that the technology offered by GE will perfectly suit the wind power aim of Morocco while also supporting its industrialization.
Ahmed Nakkouch, the CEO of Nareva Holding, said that the wind energy strategy in Morocco has been created in a way that it will lead to an increase of wind portion in the overall energy mix by more than 14% by 2020. Also, the wind farm will enable in addition of renewable power and mechanism to the grid so that the increasing demand of power can be met.
The power generation through this plant will help in supporting industrial companies there while also stimulating Morocco economy.
