Carbon credits will be issued by a 140 MW wind power project, the largest operational wind farm in Africa, located in the heavily winded area of Tangiers in North Morocco. The project has been operational for one year and is part of the Moroccan government's renewable energy program.
The consortium will manage this carbon credit programme following an international tender process launched by the ONE for the sale of carbon credits.

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Urs Brodmann, Executive Board Member of First Climate who acts as Investment Adviser to the Post 2012 Carbon Credit Fund says: "This transaction is a flagship investment for the Post 2012 Carbon Credit Fund, whose mission is to help bridge the period of uncertainty until a successor regime to the Kyoto Protocol comes into place. It underlines the growing importance of Africa as a place for carbon investments. We are also particularly pleased about the synergies created with the European Investment Bank, German KfW and the Spanish ICO, all of whom were already involved in the financing for some of ONE's projects and are also investors in the Post 2012 Carbon Credit Fund."

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Read more: http://www.starafrica.com/en/news/press-releases/article/a-consortium-consisting-of-orbeo-fccm-a-117486.html