Updated
Chinese Firm to Invest USD2bn in Morocco Solar Projects
Zawya reports on new plans in Morocco to construct five solar power stations, with a combined generation capacity of 3.5 GW in various parts of the country. The plan is part of Morocco’s strategy to build a green energy industry in the country, eventually having renewable energy fulfill 42% of Morocco’s needs by 2020.
Ain Beni Mathar Integrated Combined Cycle Thermo-Solar Power Plant in Morocco. Photo: Dana Smillie / World Bank
Shanghai Electric, a state-controlled Chinese company, plans to invest more than USD 2 billion (MAD 17 billion) in solar power projects in Morocco over a period of five years, according to a media report on Tuesday.
“The company is now preparing to invest more than USD 2 billion (MAD 17 billion) in the construction of solar power plants in Morocco over the next five years,” said the Arabic daily Hespress.
The investments, which involve a number of solar power generation projects across Morocco, are part of a USD 16.5 billion commitment by the Chinese company in seven Arab countries…[Full Story]
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Comments
That’s really wonderful because it complements their plans to building the world’s largest solar power plant: http://constructionreviewonline.com/2014/06/09/morocco-construct-worlds-biggest-concentrating-solar-plant/