Prime Energy Cleantech News: Germany made the financing of the first large Moroccan solar power station.
Prime Energy Cleantech: Officials hope to generate 38 percent of Morocco's power through solar power plants by 2020.
Last week the KfW Entwicklungsbank and the Moroccan Agency for Solar Energy signed the mutual agreement: the German Federal Environment Ministry will provide a grant of 15 million euros from the International Climate Initiative ICI for the installation of the country’s first large-scale solar power plant.
The plant, which will be situated near the city of Quarzazate in southern Morocco, will have a capacity of 160 MW and will generate solar energy availability three hours into the early evening. Construction is willing to begin in 2012 and is expected to continue for the period of one year.In fact, the construction of this solar thermal power plant is the first step to realize the ambitious solar power plan which comprises building up power plant capacity to 2000 MW by 2020. By expanding the use of wind energy, Morocco plans to cover around 28 percent of its electricity supply with renewable energies by 2020.
Morocco is considered to be the only North African country with no oil production, in fact has made the development of renewable energy sources there all the more necessary.
Actually, this is quite the realistic project. The Energy Minister Amina Benkhadra guaranteed that all the technical and financial resources to make it succeed.
Germany has closely coordinated its financing support of the Moroccan project with other donors, including the World Bank, the African Development Bank, the European Investment Bank, the French Development Bank, and the European Commission. Germany’s contribution to the project will make it one of Morocco’s most important partner’s in establishing the Quarzazate power plant.
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