Morocco: World Bank grants an additional $125M for Noor Midelt solar plants
(Ecofin Agency) - World Bank has approved an additional $125 million in financing to Morocco for the development of the Noor Midelt I and II solar power plants. These funds include $25 million from the Clean Technology Fund (CTF).
These facilities, set to have a total capacity of 600 MW, are developed under a combination of solar thermodynamic and photovoltaic technologies. The combination allows to lower installation costs with photovoltaics and produce power without sunlight thanks to thermodynamics.
“This is yet another step toward a promising clean energy future for Morocco. The Noor-Midelt power complex seals Morocco’s position as the region’s pioneer in renewable energy,” said Marie Francoise Marie-Nelly, World Bank country director for the Maghreb.
Once completed, the Noor Midelt power complex will have a total capacity of 800 MW. World Bank plans a total of $400 million for this project.
Gwladys Johnson Akinocho