World Bank Mobilizing $5.6 Billion for CSP in North Africa

Morocco gets solar energy backing

The Clean Technology Fund Trust Fund Committee (CTF TFC) has endorsed the Investment Plan for Concentrated Solar Power in the Middle East and North Africa Region, which aims at mobilizing $5.6 billion (including $750 million from the CTF) to accelerate deployment of 1 GW of Concentrated Solar Power (CSP) generation capacity, doubling the worldwide CSP installed capacity.

Morocco is the country with the largest proposed capacity in the MENA CSP CTF IP. The first plant to be developed under the CSP scale-up initiative is the 500 MW Ouarzazate plant in Morocco, which is the largest proposed CSP plant in the world.

Source:  Bikywmasr.com