ACWA Power has broken ground on the 72MW Noor Ouarzazate IV plant – the first phase of the Noor Solar Plan, which aims to develop 2GW of solar by 2020.
The project tariff is one of the most competitive tariffs internationally to date at US$0.04797/kWh with construction expected to be completed by the end of April 2018.
The US$220 million agreement for the plant was first signed in November last year at COP22 in Marrakech, after ACWA won the project in Morocco’s international tender in collaboration with the Moroccan Agency for Sustainable Energy (Masen), and the Chint Group – who will be responsible for the development, construction and O&M of the plant. Sterling & Wilson, Shapoorji Pallonji and Chint Solar will assume EPC responsibilities for the plant.
“ACWA Power is proud to be entrusted with yet another component of this ambitious target of the Kingdom of Morocco’s visionary sustainable energy strategy,” said ACWA Power chairman Mohammad Abunayyan. “Just as in the case of the three Concentrated Solar Power (CSP) plant development projects at the NOOR Solar Complex at Ouarzazate, this program will not only focus on the delivery of green electricity at a low-cost, but it will also deliver on the strategy of employment creation and economic development from renewable energy capacity deployment.”
President and CEO of ACWA Power, Paddy Padmanathan added: “ACWA Power cherishes the trust of the government of Morocco through its renewable energy agency Masen to expand its investments in the Kingdom to deliver significant renewable energy capacity at pace setting tariff levels in support of the country’s unwavering commitment to decarbonize electricity generation without compromising the social and economic development of the Kingdom.”
ACWA donates a 2.6MW solar power plant to King’s Academy
In other news, ACWA Power has signed a memorandum of understanding (MoU) with the King’s Academy in Jordan to design, develop and construct a US$4 million 2.6MW PV plant on the school’s campus.
The project is set to be operational by spring 2018, when it will generate enough clean energy to power around 350 households.
The MoU was signed by King’s Academy chairman HE Bassem Al-Salem and ACWA Power chairman Abunayyan yesterday.
“The school’s operational costs will be significantly reduced by shifting to clean & sustainable energy upon completion of this project, which will positively impact the school budget in coming years,” said Al-Salem.