Morocco secures $25 million loan from the Clean Technology Fund for hybrid solar project

Morocco has received approval for a $25 million loan from the Climate Investment Funds’ Clean Technology Fund (CIF CTF) for a solar power project, which is a hybrid of concentrating solar power (CSP) and PV technologies. The Midelt Phase I CSP project is being supported by the African Development Bank (AfDB) and the World Bank, with an additional allocation of $25 million to the CTF. Under Phase I, two separate CSP projects of 150-190 MW capacity and a minimum thermal storage of five hours will be developed. The envisaged installed capacity of the PV component could reach approximately 150-210 MW, raising the total capacity of each of the proposed plants to 300-400 MW and the total capacity of this first phase to 600-800 MW.

 

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