Green Energy
The World Bank announced in Thursday that it had approved a total of $ 297 million loan to Morocco to help them finance the construction of a solar power generation in Ouarzazatein.
Morocco had announced back in 2009, this ambitious project, providing an investment of $ 9 billion for a capacity of 2,000 megawatts in 2020. The construction should start in 2012.
The first plant is to be built with a total capacity of 500 megawatts and is going to be one «amongst the largest in the world», said the World Bank.
The president of the institution of development assistance, Robert Zoellick, welcomed in a statement the participation in the project that “demonstrates the commitment of Morocco for lowering the carbon emissions and may show the enormous potential of solar energy in the Middle East and North Africa”
“This solar project could advance the potential of this technology, create many jobs in the region, help the EU meet its targets for reducing CO2 emissions, and deepen economic integration and energy around the Mediterranean. There definitely are many winners,” said Zoellick.
Many European companies are involved in the project, which most of them are German companies and we can mention: the Reinsurer Munich Re, the Energy Groups E.ON and RWE or Deutsche Bank, joined in as and by other partners, including the Italian Enel and Terna, the French Saint-Gobain and the Spanish Red Electrica.
The French Development Agency in July announced participation in the form of a loan of 100 million and a grant of 300,000 euros.
Basma – Green Energy International Correspondent – 14/11/11
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Green Energy
Solar Energy In Morocco: World Bank Lends $ 297 Million
The World Bank announced in Thursday that it had approved a total of $ 297 million loan to Morocco to help them finance the construction of a solar power generation in Ouarzazatein.
Morocco had announced back in 2009, this ambitious project, providing an investment of $ 9 billion for a capacity of 2,000 megawatts in 2020. The construction should start in 2012.
The first plant is to be built with a total capacity of 500 megawatts and is going to be one «amongst the largest in the world», said the World Bank.
The president of the institution of development assistance, Robert Zoellick, welcomed in a statement the participation in the project that “demonstrates the commitment of Morocco for lowering the carbon emissions and may show the enormous potential of solar energy in the Middle East and North Africa”
“This solar project could advance the potential of this technology, create many jobs in the region, help the EU meet its targets for reducing CO2 emissions, and deepen economic integration and energy around the Mediterranean. There definitely are many winners,” said Zoellick.
Many European companies are involved in the project, which most of them are German companies and we can mention: the Reinsurer Munich Re, the Energy Groups E.ON and RWE or Deutsche Bank, joined in as and by other partners, including the Italian Enel and Terna, the French Saint-Gobain and the Spanish Red Electrica.
The French Development Agency in July announced participation in the form of a loan of 100 million and a grant of 300,000 euros.
Basma – Green Energy International Correspondent – 14/11/11
-
Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan From Will at The Other News:It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve....
- A Follow Up On The Desertec Project In Maroc
The British newspaper mentions that the work currently happening in a hybrid power plant in which 6000 mirrors (each up to six meters) figure in the desert near the Egyptian city of Beni Suef, will soon deliver the 1/7 of the 150 MW capacity expected....
- The Sahara Will Provide Energy
A mammoth project was launched Wednesday the 1st of December 2011. The World Bank agreed to lend 271 million dollars for the construction of solar thermal power plant in Ouarzazate, southern Morocco. With a capacity of 500 million watts (MW), the steam...
- Brazilian State Minas Gerais To Invest $324 Million In Solar Pv Projects
Article originally published in www.cleantechnica.com, on May 11th 2015Minas Gerais, the south-eastern state of Brazil, has announced that it will start auctions of solar photovoltaic power plants later this year.The state government recently announced that...
- Indian State Of Uttar Pradesh Signs 600 Mw Solar Power Agreements
Article originally published in cleantechnica.com, on May 6th 2015 Indian states are gearing up to develop ambitious ultra mega solar power projects in association with the Solar Energy Corporation of India.The state of Uttar Pradesh has signed agreements...