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Morocco: World Bank approves $519m for Ouarzazate
The World Bank Group on 30 September approved a $519m package for the 350MW second phase of the Noor-Ouarzazate concentrated solar power (CSP) project. The 160MW first phase is being developed by Saudi company Acwa Power. The financing package comprises $400m from the World Bank and $119m from the Clean Technology Fund. Phase II involves the construction of two separate power plants: 150MW-200MW Noor II, a parabolic trough CSP facility, and 100MW-150MW Noor III, a CSP tower. Land has been acquired for both plants.
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