German loan supports 160MW Moroccan CSP plant

Facebook
Twitter
LinkedIn
Reddit
Email

German development bank KfW has signed off a €100 million loan to Morocco’s solar energy agency MASEN to build a concentrated solar power (CSP) plant in the south-central area of the country.

The 160MW solar thermal plant will be constructed in Ouarzazate, with further planned plants expected to take the total in the area up to 500MW.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The investment costs for this initial phase amount to about €750 million (US$960 million). Along with the KfW, on behalf of the German government, other project participants include the European Commission, the European Investment Bank (EIB), French development bank AFD, the World Bank and the African Development Bank.

Norbert Kloppenburg, a member of the executive board of KfW, said: “By constructing this power plant Morocco is providing a breakthrough for a low-carbon and climate-friendly future technology, while simultaneously reducing the country's high dependence on energy imports.

Although manufacturers Siemens and Bosch both recently announced their intention to pull out of the Desertec project, the deal between KfW and MASEN suggests the development of CSP in North Africa is still a viable prospect.

Read Next

September 18, 2025
CERC is finalising guidelines for virtual power purchase agreements (vPPAs) to unlock financing for over 40GW of uncontracted renewable capacity.
September 18, 2025
The capacity of virtual power plants in operation in North America has reached 37.5GW, a 13.7% year-on-year growth, according to Wood Mackenzie.
September 18, 2025
The Canadian Renewable Energy Association (CanREA) has forecast that Canada will add between 17GW and 26GW of solar PV over the next decade.
September 18, 2025
Researchers have called for enhanced international standards to detect ultraviolet-induced degradation (UVID) in PV modules after identifying “severe” levels of the problem in operational n-type panels.             
September 18, 2025
Indian PV makers have welcomed the government’s plan to add solar wafers to its ALMM List-III from June 2028.
September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA