Morocco: KfW leads support for Ouarzazate solar phase two
Issue 266
- 25 Nov 2013
| 1 minute read
German development bank KfW has committed a €654m ($884m) loan package for the construction of two solar units at Ouarzazate, the estimated $1.7bn second phase of the Moroccan Agency for Solar Energy (Masen) project to install 500MW at the site.Prequalified bidders for the larger unit Noor II – 200MW – are Spain’s Abengoa group, GDF Suez and Saudi developer Acwa Power, which is building the 160MW first phase at Ouarzazate. These three groups and France’s EDF are also prequalified for the 100MW Noor III project.
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