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The US Private Equity Fund, Brookstone Partners, is preparing to inject a range of $ 1.4 billion to $ 3 billion over five years in foreign currency for the production of 900 megawatts (Mw) of electricity in Morocco. 19659002] Described as an interesting, unprecedented and highly technological project, this international project could be a kind of laboratory of the future. The project is based in Dakhla, one of the world's best wind capital locations.
The US Private Equity Fund, Brookstone Partners is planning to build a 900 MW wind farm to generate energy on the basis of Law 16.08, that is, the production of electricity for personal use. This clean and renewable energy will be used to run servers for the blockchain.
This will be the first renewable energy project for this blockchain, a technology that requires very high energy consumption. Blockchain does not necessarily mean bitcoin or crypto currencies. Eventually, the project should create 1,200 engineering jobs over a 5 to 10 year horizon, according to our sources. The project was announced Friday, July 27, 2018, a statement from one of its promoters, the company Soluna.
Brookstone will inject $ 100 million into the project, also starts, "Imminently", his first fundraiser. All surveys will be in foreign currency and internationally.
According to the initiators of the project, it will be deployed in stages, eventually reaching a target size of 900 MW. Construction is scheduled to begin in early 2019 with the start of production of the first 50 MW at the beginning of 2020. The second tranche of 300 MW should be launched the following year. The project is carried by Brookstone Partners, which controls the two operators: Soluna on the one hand and AM Wind on the other hand
AM Wind was created in 2009 by Altus and two natural persons, Mohamed Amine Amzazi and Mohamed Larbi Loudiyi . Its objective was a wind farm in Dakhla, under the law 13.09, which allows to produce and sell to the ONEE. But the connection to the ONEE network is late and without it, the model falls into the water. The developers then decide to switch to the model provided by Law 16.08 with use for their own blockhain farm.
During the past week, AM Wind is fully sold to Brookstone. The deed of assignment has been signed in Morocco and it will be registered in the next days. Mohamed Larbi Loudiyi and Altus remain in the operational. The first as General Manager of AM Wind, a great consecration for this engineer specializing in renewable energies. Altus remains a technical partner of the project
The wind farm and the servers are owned by AM Wind. Soluna is the operator of this ambitious project, in AM Wind's infrastructure, which will be responsible for linking computing capabilities to the global blockchain network. The site spreads over 15,000 hectares.
According to our sources, the project is strongly supported by the local authorities who have allocated the land, as well as by the department of Moulay Hafid Elalamy. An investment agreement should be signed in September
On its website, Soluna announces that it will "develop the flagship wind power site in a modular way called Pods. Each Pod includes 12 MW of power generation, an associated storage system, and a cryptocurrency or blockchain operating center of 6 MW. The complete site can accommodate about 75 pods, depending on the current turbine technology. The entire infrastructure will be developed in accordance with applicable Moroccan laws and regulations. The first phase will consist of three Pods, equivalent to 36 MW of power generation capacity, and 18 MW of computer facilities with the capacity to produce 160,882 tera per second. "
One of the other Project features is the presence of a key figure: Dwight L. Bush, former US ambassador to Morocco, who "helped and pushed" the project. He is today a member of the Soluna Advisory Board. After leaving the American embassy in Rabat, he created and presides the DL Bush & Associates.
Moctar FICOU / VivAfrik
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