Morocco’s Noor-Midelt Hybrid Solar Complex Wins $125M in Financing

The World Bank has agreed to provide additional financing of $125m to support the development of Morocco’s second concentrated solar power (CSP) complex, Noor-Midelt.
 
Morocco aims to develop solar and wind energy resources and reduce the dependence on fossil fuels and move towards a green energy future.
 
The additional financing offered by the bank includes $25m from the Clean Technology Fund and will be used for the construction of the Noor-Midelt I and II plants, which will have a total capacity of 600MW-800MW.The Noor-Midelt complex is being built under the Noor Solar Plan that aims to generate 52% of its electricity through renewable energy by 2030.
 
World Bank country director for the Maghreb Marie Francoise Marie-Nelly said: “This is yet another step toward a promising clean energy future for Morocco. The Noor-Midelt power complex seals Morocco’s position as the region’s pioneer in renewable energy.”
 
Additionally, the Noor-Midelt complex will be based on a new design that combines CSP and PV technologies.
 
Construction of the solar complex will be led by the Moroccan Agency for Sustainable Energy (MASEN), which was formed to implement the solar plan in the country.
 
Upon completion, the Noor-Midelt complex will be even larger than the 580MW Noor-Ouarzazate complex, which is slated for completion this year and will provide power to more than one million people.
 
The Noor-Ouarzazate complex also minimises Morocco’s dependency on oil by about 2.5 million tonnes per year, while reducing carbon emissions by 760,000 tonnes annually.