The investment, which is contingent on approvals, would help the Mansour Group-owned developer roll-out solar, wind, distribution infrastructure and EV charging systems in Egypt and neighbouring states.
The World Bank will provide US$125 million in additional financing for the Noor-Midelt 1 and II plants, which include a combination of concentrated solar power (CSP) and PV.
NLC India commissions 300MW in Tamil Nadu, India approves MoUs on renewables cooperation with Morocco and France, Largest municipal solar project in Virginia
In conjunction with its New Deal on Energy for Africa, the African Development Bank has committed US$324 million in loan support for a pair of renewable projects in Africa, setting aside US$265 million for an 800MW PV and CSP hybrid project in Morocco.
Casablanca-based confectionery and chewing gum producer Maghreb Industries is close to fully implementing a 1,361kWp rooftop solar system combined with an ice-based storage system on the roof of its new factory.
The Moroccan Agency for Solar Energy (MASEN) has shortlisted five consortia to take part in the bidding for the first phase of the Noor Midelt solar power complex, which includes hybrid solar PV and concentrated solar power (CSP) plants.
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.
Saudi Arabian power engineering firm Acwa Power and China’s Chint group have chosen EPC specialist Sterling and Wilson (S&W) to construct a 170MW solar PV facility in Morocco.
Four European countries have signed a joint agreement to establish a roadmap for exchanging electricity from renewable sources between Morocco and Europe.
Chile plans to develop a solar park of between 750MW to 1GW capacity to power the mining industry in the Atacama region, according to a release from Chilean development agency Corfo.
