Morocco gets $519m loan for solar power

The World Bank is providing a $519 million (£324m) loan to support a solar power project in Morocco. An initial 160MW phase of the Noor-Ouarzazate Concentrated Solar Power Project, which […]

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By Priyanka Shrestha

The World Bank is providing a $519 million (£324m) loan to support a solar power project in Morocco.

An initial 160MW phase of the Noor-Ouarzazate Concentrated Solar Power Project, which was approved by the Bank in 2011, is currently under construction.

The new loan will finance the second 350MW phase, including the installation of solar parabolic troughs – which involves mirrors that focus sunlight to make steam and power turbines – and a solar energy tower.

The programme is aimed at helping the nation reduce fossil fuels imports as it depends on it to generate more than 97% of its energy – the largest in the Middle East.

Simon Gray, World Bank Country Director for the Maghreb said: “Apart from creating jobs, the construction of the plant and the development of Morocco’s Solar Plan will establish a future source of reliable green energy. The Noor-Ouarzazate Solar Complex alone will supply power to 1.1 million Moroccans by 2018.”