OPEC Fund Supports Africa’s Largest Wind Project

Key Figures & Findings: The OPEC Fund for International Development has announced its contribution to the co-financing of Africa’s largest onshore wind power project, located in Morocco. The project, known as the Taza Wind Farm, will boast a capacity of 870 MW upon completion and is expected to play a pivotal role in Morocco’s renewable energy strategy. The OPEC Fund, along with other international financiers, aims to accelerate Africa’s shift towards cleaner energy solutions by partnering with stakeholders in transformative renewable energy projects.

Statistics & Insights: The Taza Wind Farm, set to become operational in phases, will generate enough energy to power over 1.2 million Moroccan households annually. It is also expected to reduce carbon emissions by over 1.5 million tons per year, contributing significantly to Morocco’s goal of sourcing 52% of its energy from renewables.

Future Implications: By 2025, the Taza Wind Farm could transform Morocco into a regional renewable energy hub, attracting further investment in green infrastructure. However, its success will depend on sustained financial collaboration and effective integration with regional grids.

Source: Zawya