Electricity generated by the first 160-megawatt portion of the 580-megawatt Ouarzazate CSP plant will be added to the grid in Morocco beginning in December. The World Bank and the European Investment Bank have provided about $9 billion in loans for the huge project. ACWA Power was behind the fundraising and it might be … [continued]
Italy’s renewable energy developer Enel Green Power is looking to increase investment in Morocco. Enel Green Power considers Morocco a pioneer in the renewable energy sector in Africa, having set impressive capacity addition targets and backing them with clear regulations. Enel Green Power CEO Francesco Venturini stated that the company has already set … [continued]
Saudi Arabia’s ACWA Power has reported progress on the financial front of two landmark solar power projects in Morocco. A consortium led by ACWA Power announced that it has closed debt funding worth $2 billion for two concentrated solar power (CSP) projects in Morocco. ACWA Power will work with Spanish … [continued]
Morocco’s ambitious Noor-Quarzazate project has received financial backing from the European Union. The European Union (EU) has granted a $47.8 million loan to the Moroccan Agency for Solar Energy (MASEN) for the 150 MW Noor III concentrated solar power project. According to media reports, the agreement was signed by EU Commissioner for … [continued]
Morocco is charging towards a brighter energy future as it takes new steps to expand its solar power projects. The Moroccan solar energy agency has completed the auction of phase II and III of the Ouarzazate concentrated solar power (CSP) project. These projects are in addition to the 160 MW … [continued]
The African Development Bank (AfDB) has approved nearly $250 million in loan to support construction and operation of Morocco’s Noor-Ouarzazate Concentrated Solar Power (CSP) project Phase-II. This phase will include construction of two concentrated solar plants with an aggregate capacity of 350 MW. This is the second time the project has secured … [continued]
The World Bank will extend its assistance to Morocco in its endeavor to reduce dependence on imported fossils fuels and its plans to tap the vast renewable energy resources available. Morocco will receive $519 million in new funding to enhance the capacity of a concentrated solar thermal power plant currently … [continued]
