Peugeot Said to Plan Its First Car Factory in Low-Cost Morocco | Bloomberg

PSA Peugeot Citroen is the latest auto manufacturer to set up shop in Morocco, looking to increase sales to Africa: PSA Peugeot Citroen plans to build a car factory in Morocco as part of an effort to increase its sales in Africa, following in the footsteps of French rival Renault SA, two people familiar with the matter said. The plant would initially have a capacity of fewer than 100,000 vehicles ...

Morocco: King Mohammed VI visits several African countries | MedAfrica Times

More details on King Mohammed VI’s Africa tour, which will build on previous agreements and cooperation between Morocco and its West and Central African neighbors: King Mohammed VI will embark on a tour to West and Central Africa as of Wednesday during which he will visit Senegal, Côte d’Ivoire, Gabon and Guinea Bissau. The King will confer with the leaders of these countries and is also expected to preside over ...

ACWA Power seals Noor 1 and 2 financing | Utilities-ME

Morocco is one step closer to drastically expanding domestic solar energy production: ACWA Power has achieved financial close of the Independent Power Projects of NOOR II (200MW) and NOOR III (150MW) concentrated solar power (CSP) projects in Morocco. The total value of both projects of about $2bn will be funded on 80/20 debt to equity basis with debt entirely financed by Masen with lending funds secured from the African Development ...

EU Funds Morocco’s Largest Solar Power Project | CleanTechnica

The latest phase of the Noor-Quarzazate solar project has been funded by the EU: Morocco’s ambitious Noor-Quarzazate project has received financial backing from the European Union. The European Union (EU) has granted a $47.8 million loan to the Moroccan Agency for Solar Energy (MASEN) for the 150 MW Noor III concentrated solar power project. According to media reports, the agreement was signed by EU Commissioner for Energy and Climate Action Miguel, Arias ...
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