The World Bank approves additional funding for Morocco for the development of a second solar energy complex


The World Bank today announced an extra $ 125 million in aid for Morocco’s adoption of innovative solar technology as part of its global solar and wind power development goal to reduce the dependence on fossil fuels for a green energy future

Additional funding, including $ 25 million from the Clean Technology Fund, will support the development and construction of Noor-Midelt I and II power plants that will have a total capacity of 600-800 megawatts

The Noor-Midelt complex will be Morocco’s second largest solar power complex, built within the Solar Noor Plan. The solar plan is a critical component of the country’s goal of producing 52% of its electricity through renewable energy by 2030. The Noor-Ouarzazate 580 megawatt complex is due to be completed this year and will be the largest SPC complex in the world. With more than one million energy supplies, the Noor-Ouarzazate complex will reduce oil dependency of Morocco by about 2.5 million tonnes per year and reduce carbon emissions by 760,000 tonnes per year. Once completed, the Noor-Midelt complex will be even larger. This is yet another step towards a promising clean energy future for Morocco, «said Marie Francoise Marie-Nelly, World Bank Country Director for the Maghreb,» Noor-Midelt energy complex seals Morocco’s position as a region’s pioneer in renewable energy . »

The Noor-Midelt complex will be based on a new design that combines CSP and PV technologies. While it is less expensive, PV does not have the same storage capacity as CSP, which can generate energy even when the sun does not shine

«The Noor-Midelt design is based on proven technologies that will be run in» Moez Cherif, Lebanon Energy Economist for the Maghreb

The design and construction of the new solar system will be led by the Moroccan Agency for Sustainable Energy (MASEN), which was set up to implement the solar plan and now leads the country’s transition to renewable energy. MASEN has successfully deployed the first solar complex through a public-private partnership and will use the same model for Noor-Midelt. The model mobilized private funds to support the development of renewable energy infrastructure and contributed to lowering the CSP price by competitive bidding. MASEN also released Morocco’s first green obligation in 2016 to support the shift to green energy.

«In a few years, MASEN has grown from a startup to a mature organization that has proven it can be a model in the region to successfully implement renewable energy policies,» Sameh Mobarek, an energy specialist in World Bank and co-project manager for Noor Solar Power projects

Source: pv-shops