The latest phase of the Noor-Quarzazate solar project has been funded by the EU:
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 Cañete, and the President of the MASEN, Mustapha Bakkoury.
In January this year, MASEN awarded the contract to Sener Group and ACWA Power of Saudi Arabia as both of them managed to place the lowest combined bid for the Noor II and Noor III CSP plants.
The Noor-Quarzazate project is divided into several smaller projects. Phase 1 includes Noor I which comprises of a 160 MW parabolic trough-power project and is in the advanced stages of construction. Phase 2 includes two projects, called Noor II and Noor III, with capacities of 200 MW and 150 MW respectively. Noor II will be based on parabolic technology whereas Noor III will be developed using power tower technology…[Full Story]