French energy firm Engie announced in a statement that it has signed a memorandum of understanding (MoU) with the Moroccan independent electricity company, Nareva Holding, to develop new energy projects in north and west Africa, Reuters reported.
Engie said the firms were targeting power generation and energy services projects in Egypt, Ivory Coast, Senegal, Ghana, and Cameroon, with the objective of building a portfolio of assets of about 5,000 MW to 6,000 MW between 2020 and 2025.
Both companies are also partners in Morocco’s 300 MW Tarfaya wind farm, the largest in Africa, according to Arab Finance.
Previously, Morocco inked a deal with Portugal to carry out a feasibility study on an electric interconnection project that will help the two countries to exchange electricity with a capacity of 1,000 MW.
Additionally, in February, Morocco took huge steps towards solar energy and climate change by inaugurating the world’s largest solar power plant to provide electricity for 1.1m people.
As to Engie, on the side of the company’s operations in Morocco, earlier in May, Engie’s Regional Director for North Africa, Amin Homan, said that the French energy company is also planning to set up two power plants – wind and solar – in Egypt, an investment worth $490m.