ACWA Power and Chint selected to develop 170MW solar in Morocco

Facebook
Twitter
LinkedIn
Reddit
Email
The tariff will be set at MAD 0.46/kWh (US$O.046). Credit: Canadian Solar

Moroccan Agency for Solar Energy (MASEN) has selected Saudi Arabian power engineering firm ACWA Power and China’s Chint group to develop three solar plants with a combined capacity of 170MW as part of the NOOR PV I project in Morocco.

This is the first solar PV phase of the NOOR Solar Plan, which has already seen three major concentrated solar power (CSP) projects in Ouarzazate.

With ACWA Power leading and Chint providing technical support, the two firms will design, finance, construct, operate, and maintain the NOOR PV I program, having been selected via an international call for proposals.

MASEN said the tariff will be set at MAD0.46/kWh (US$0.046).

ACWA Power has won various capacities in the Middle East over the last 18 months often with world-beating solar tariffs.

MASEN has also signed contracts with KfW bank for €60 million (US$64 million) to help finance the project. The three projects will also be financed by the first green bonds in Morocco, set to be issued by MASEN for a sum of MAD1.15 billion and underwritten by Al Barid Bank, Attijariwafa Bank, the CMR, and the SCR.

The three planned PV plants include:

  • NOOR Ouarzazate IV, 70MW
  • NOOR Laayoune, 80MW
  • NOOR Boujdour, 20MW

MASEN president Mustapha Bakkoury said: “With these three solar plants, MASEN continues to expand its portfolio of multi-technology projects, always with the goal of responding in the best way possible to the needs of our client and partner, ONEE (the National Agency for Electricity and Drinking Water). This is also the consolidation of long-standing partnerships, both with the KfW, which is financing the fourth and last phase of the Ouarzazate complex, and with ACWA Power, and it assures us that we will develop projects meeting international standards at Ouarzazate, Laayoune, and Boujdour.”

All projects are expected to reach completion by 2019. They are part of the country’s wider Solar Energy Programme which has an ambitious target of reaching 2GW of solar power capacity by 2020.

ACWA Power recently launched a new division that will compile its existing renewable-energy portfolio

Read Next

August 12, 2022
ACWA Power posted strong H1 2022 results as it continues to divert its portfolio to renewables and low-carbon technologies.
July 21, 2022
French renewables company Voltalia’s Q2 revenues were up 26% year-on-year to €111 million (US$113 million) as its project development, construction and equipment procurement segment continued to grow.
PV Tech Premium
July 6, 2022
The company behind a renewables project that will feature 7GW of solar PV and 5GW / 20GWh of battery storage in Morocco is progressing with offshore surveying for four high-voltage direct current (HVDC) cables that will eventually connect the installation exclusively to the UK.
June 29, 2022
Arab-speaking countries in the MENA region have planned to increase utility-scale solar capacity by 49.5 GW by 2030, according to Global Energy Monitor.
March 28, 2022
Nextracker has been selected to supply its smart solar trackers and TrueCapture technology for the first phase of a 450MW PV project in Sudair, Saudi Arabia, which Nextracker said was the country’s largest solar plant currently under construction.
March 9, 2022
Solar developers ACWA Power and Jinko Power have both penned power purchase agreements in Saudi Arabia, with the country aiming to launch 15GW of projects in the next two years.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event