Spanish aid fund provides loan for wind farm
Spain's Development Aid Fund has agreed to provide a Eur 135 million ($182 million) loan to build a wind farm in Tangier.The 140-MW farm will consist of 165 wind turbines, each with capacity of 850 kW.Gamesa of Spain was awarded the contract to build the wind farm in February.Civil works have started and the project will take two years to complete.Germany's Kreditanstalt fuer Wiederaufbau (KfW) has contributed Eur 50 million ($60 million) to the project and a loan of Eur 80 million ($96 million) has come from the European Investment Bank.Electricite de France is the owner's engineer. (MEED 6:1:06).
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