Enel Green Power plans to expand its business into Morocco, according to company CEO Francesco Venturini who was speaking at a conference in Rabat. Morocco is on Enel’s list as a country to target for its future development under its 2015-2019 strategic plan, opening an office in the country in May.
“Morocco has been a renewable energy pioneer in North Africa, establishing challenging targets and promoting a stable and clear regulatory framework for the development of renewables. We have already set foot in the country, establishing a local headquarters, and now we are aiming to grow by installing megawatts and contributing to the achievement of the country’s ambitious energy targets,” Venturini said.
Enel’s growth strategy for Morocco includes participation in renewable energy public tenders organized by state-run utility companies and agencies. In the short term, the company is bidding in the 850-MW wind power tender which state-run ONEE expects to finalize in the coming weeks. Enel has been pre-qualified for the project, together with its partners for the bid, Nareva Holding, a unit of the royal SNI holding company and Siemens Wind Power.
The 850-MW project, which is estimated to cost €1 billion, represents a significant contribution to the national wind power program for 2,000 MW by 2020.