21/09/2007
The French renewable energy company Theolia announced the creation of a Theolia Emerging Markets subsidiary on Thursday (September 20th), to be based in Casablanca. The new subsidiary plans to develop, build and operate wind and solar energy plants in India, Brazil and sub-Saharan Africa. Theolia's CEO, Jean-Marie Santander, said the company selected Morocco because of the government's interest in renewable energy. Santander pointed out that Theolia has already begun a wind-powered seawater desalination project in Tan Tan and is participating in a tender for the construction of a 200-megawatt wind farm in Tarfaya. Morocco's government aims to increase renewable energies' contribution to the national energy balance to 10% by 2012 and 20% by 2020.