Baker McKenzie has assisted Office National de l’Électricité et de l’Eau potable du Maroc (ONEE) in the financing of the wind farm in Taza.
This operation is part of the first phase of the wind farm project in Taza and will enable the production of 87MW in electricity. The wind farm will be operated by a group comprising EDF Renouvelables for the Middle East and Africa and the Japanese company Mitsui & Co.
This first phase of the project, which should be put into service in 2021, has been financed with the help of a consortium of Japanese banks, led by the Japan Bank for International Cooperation (JBIC), as well as the Moroccan bank BMCE.
In the long run, the Taza wind farm should produce up to 150 MW of electricity using 27 wind turbines. This project is part of the energy strategy of Morocco, which aims to be producing 52% of its installed electric power using renewable energies by 2030.ONEE was advised by Baker McKenzie with Keltoum Boudribila (senior associate) from the Casablanca office, Adrian Gonzales Maltes (senior counsel) from the Paris office and Marc Fèvre (partner) from London.