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    Home > Chemicals Industry > International Chemical > The World Bank provided $125 million in financing for solar projects in Morocco

    The World Bank provided $125 million in financing for solar projects in Morocco

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    Recently, the World Bank will provide $125 million in additional financing for the Noor-Midelt 1 and II plant projects, including concentrated solar (CSP) projects and photovoltaic portfolio projects
    .

     

    Additional financing for the project is 600-800MW, including $25 million
    from the Clean Technology Fund.

    The CSP-plus-PV combination is designed to get cheaper solar power
    while generating electricity without sunlight.

    The Noor-Midelt complex will be Morocco's second Integrated Solar Energy (CSP) complex, built under the Noor-Ouarzazate program, following the 580MW Noor-Ouarzazate complex, which is expected to be completed
    this year.

    "This is another step
    forward for Morocco's promising clean energy future," said the World Bank's Regional Director in the Maghreb.
    Noor-Midelt Energy Group seals Morocco's position
    as a pioneer in renewable energy in the region.

    In June last year, the Moroccan Solar Energy Agency (MASEN) was shortlisted for five consortiums to participate in the tender for the first phase of the
    Noor Midelt solar power plant.
    At the time of shortlisting, it is expected that the capacity of PV modules providing daytime generation will be at the discretion of the bidder, but cannot exceed the CSP's net nighttime capacity by more than 20%.

    :/, please indicate the source for reprinting)

    Recently, the World Bank will provide $125 million in additional financing for the Noor-Midelt 1 and II plant projects, including concentrated solar (CSP) projects and photovoltaic portfolio projects
    .

    World Bank

     

    Additional financing for the project is 600-800MW, including $25 million
    from the Clean Technology Fund.

    The CSP-plus-PV combination is designed to get cheaper solar power
    while generating electricity without sunlight.

    The Noor-Midelt complex will be Morocco's second Integrated Solar Energy (CSP) complex, built under the Noor-Ouarzazate program, following the 580MW Noor-Ouarzazate complex, which is expected to be completed
    this year.

    "This is another step
    forward for Morocco's promising clean energy future," said the World Bank's Regional Director in the Maghreb.
    Noor-Midelt Energy Group seals Morocco's position
    as a pioneer in renewable energy in the region.

    In June last year, the Moroccan Solar Energy Agency (MASEN) was shortlisted for five consortiums to participate in the tender for the first phase of the
    Noor Midelt solar power plant.
    At the time of shortlisting, it is expected that the capacity of PV modules providing daytime generation will be at the discretion of the bidder, but cannot exceed the CSP's net nighttime capacity by more than 20%.

    :/, please indicate the source for reprinting)

    /
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