World Bank grants budget for Morocco’s first solar energy complex

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The proposed budget for the construction of the second phase of the first solar energy complex of Morocco in the region of Ouarzazate has been approved by World Bank (WB).

World Bank grants budget for Morocco’s first solar energy complex

World Bank grants budget for Morocco’s first solar energy compl

The financial support worth $ 519 million is intended for the commissioning of the complex and to increase its capacity and production particularly during the times of peak consumption. The construction of a first tranche, which the World Bank had provided funds in 2011, has already begun, but the second batch of funds will be allocated for the second tranche.

The solar complex, which also help the European Commission, African Development Bank, European Investment Bank, the French Development Agency and the German KfW, supply electricity to 1.1 million Moroccans in 2018. It is part of Morocco’s efforts to reduce its dependence on imported fossil fuels, with the aim of achieving and providing 42% of its energy needs by 2020 from renewable sources such as solar and wind.

Mohamed Dekkak