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| SI | 94.74 |
| SIEMENS AG… | -1.37 |
| SIE | n.a. |
| n.a…. | n.a. |
FRANKFURT – German industrial conglomerate Siemens (SI) won a contract to supply 44 wind turbines in Morocco, its first order in Africa’s wind power market, the company said Monday.
MAIN FACTS:
-Siemens will supply its customer Nareva Holding with wind turbines for two wind power plants, with a combined capacity of 100 megawatt.
-The two wind farms, Haouma and Foum El Qued, in the north and southeast of the country are scheduled to begin operation in 2013.
– Siemens is responsible for the supply, installation and commissioning of the wind turbines.
– The Moroccan government aims to increase the share of renewable energy in its power supply to 20% by 2020.
Dow Jones Newswires
