The tenders for the construction of the $2.3bn (€1.7bn) two solar power plants in Morocco will be release this week as announced by the head of Morocco’s Solar Energy Agency (MASEN).
The announcement was made during a speech in Desertec Industrial Initiative Conference (Dii) held outside Rabat.
He also revealed that the 200 MW (Noor II) and 100 MW (Noor III) are the names of the two solar power plants to be constructed near the southern city of Ouarzazate.
With a contract estimated at $1.4bn (€1bn), Noor II, a 200MW concentrated solar power plant will be built as a parabolic mirror technology while Noor III, with 100MW will be built as a solar power tower under a budget of $960m (€700m).
According to some banking sources of Reuters, these projects will be partly financed by an $895.7m (€654m) loan secured from German state-owned bank KFW.