News

Morocco: World Bank grants an additional $125M for Noor Midelt solar plants

Morocco: World Bank grants an additional $125M for Noor Midelt solar plants
  • Comments   -   Tuesday, 12 June 2018 - 17:42

(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

Nevsun Resources announced yesterday June 14, it will extend the life of...
Read more |  15 June 2018
In Mozambique, cotton export is expected to generate $50 million by next August,...
Read more |  15 June 2018
The communal and judicial authorities in Malanville (North of Benin) organized an...
Read more |  15 June 2018
Ivorian authorities gave Africa Radio the green light to launch its activities...
Read more |  14 June 2018
Namibia’s Competition Commission approved June 13 the acquisition by Weatherly International of...
Read more |  14 June 2018
The Ugandan government plans to adopt new tax relief measures to encourage...
Read more |  14 June 2018
In Nigeria, the construction of Dangote group’s subsea gas pipeline is expected...
Read more |  14 June 2018
Nevsun Resources announced yesterday June 14, it will extend the life of...
Read more |  15 June 2018
In Mozambique, cotton export is expected to generate $50 million by next August,...
Read more |  15 June 2018
The communal and judicial authorities in Malanville (North of Benin) organized an...
Read more |  15 June 2018
Ivorian authorities gave Africa Radio the green light to launch its activities...
Read more |  14 June 2018
Namibia’s Competition Commission approved June 13 the acquisition by Weatherly International of...
Read more |  14 June 2018
The Ugandan government plans to adopt new tax relief measures to encourage...
Read more |  14 June 2018
In Nigeria, the construction of Dangote group’s subsea gas pipeline is expected...
Read more |  14 June 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.