Acwa Power wins €1.7bn Moroccan solar CSP projects

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Acwa Power wins €1.7bn Moroccan solar CSP projects

The consortium composed of Acwa Power (lead member) and Spain's Sener Group has won the tender process for the development of the Noor II & Noor III concentrated solar projects in Morocco.

Acwa consortium had the lowest bid for the Noor II and Abengoa consortium had the lowest bid for the Noor III. According to Paddy Padmanathan, the president and chief executive of Acwa, its combined offer was about 11% cent lower than the competing consortium.

The concentrated solar power (CSP) projects will contribute to the Moroccan Solar Energy Agency (MASEN) Solar Plan to develop 2,000 MW of solar power by 2020. The proposed project will support MASEN’s implementation of the second 350 MW phase of the Noor Solar Complex, which is expected to have a minimum capacity of 500 MW.

This second phase consists of 2 distinct plants:

The project involves the design, financing, construction, commissioning, operation and maintenance of the new facilities.

The total investment for both projects is estimated at €1.7 billion (US$2 billion).

This project will be funded through US$400 million from the World Bank and US$119 million from the Bank administered Clean Technology Fund. Other contributors toward the project are the African Development Bank, European Investment Bank, l’Agence Française de Développement, Kreditanstalt fuer Wiederaufbau, and the European Commission.

The next phase of the Noor Solar Complex, Noor IV, will involve the development of a 50 MW plant that will use solar photovoltaic technology. The targeted capacity of the complex will then be reached through a mix of complementary solar technologies, being CSP and PV.

List of country news

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  • May 22, 2015

    ACWA Power achieves FC of NOORo II and NOORo III projects in Morocco

    ACWA Power has achieved Financial Close (FC) for the Independent Power Projects NOOR II (200MW) and NOOR III (150MW) concentrated solar power (CSP) projects in Morocco. Read more
  • September 09, 2015

    Morocco to launch tender for 850 MW wind projects

    According to the local newspaper L'economiste, Morocco is close to launch a tender for the construction of 850 MW wind projects. Read more

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