ARIF Fund to Invest in 120 MW Wind Project in Morocco (MENA)

Source: Infra Invest

Infra Invest, a management company for investment funds specializing in infrastructure projects in Africa and a subsidiary of asset manager RMA Capital, has reached an agreement with UPC North Africa Renewables, part of wind energy project developer and operator the UPC Group, to acquire a 25 percent ownership position in the 120 MW Jbel-Sendouq (Khalladi) wind farm near Tangiers, Morocco. The transaction will be structured through Argan Infrastructure Fund (ARIF Fund). The Khalladi project, which will consist of 40 wind turbine generators, is projected to begin construction this year. Financial details of the transaction were not disclosed.