GDF Suez to Build Africa’s Biggest Wind Farm in Moroccan Desert
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GDF Suez SA, Europe’s biggest utility by market value, will develop Africa’s largest wind farm in Morocco as the nation seeks to boost power output without adding to emissions.
GDF Suez and local company Nareva Holding plan to complete the 300-megawatt Tarfaya project by the end of 2014, the Paris-based utility said today in a statement. The partners, using a 360 million-euro ($488 million) loan from Moroccan banks and 90 million euros of their own capital, will share development costs equally.