June 13 (Renewables Now) - The World Bank will extend USD 125 million (EUR 106.4m) in financing to back the construction of the up to 800-MW Noor-Midelt complex in Morocco that will combine photovoltaic (PV) and concentrated solar power (CSP) technologies.
The Noor-Midelt I and II plants, with a combined capacity of between 600 MW and 800 MW, will benefit from USD 25 million in financing from the Clean Technology Fund, which is included in the USD-125-million package, the World Bank said on Monday.
The capacity will be installed under Morocco’s Noor Solar Plan, through which the African nation aims to back its goal of sourcing 52% of its total power from renewables by 2030. The Noor-Midelt complex will be the second one built under the programme after the 580-MW Noor Ouarzazate, slated to begin work this year. Its design and construction will be led by the Moroccan Agency for Sustainable Energy (MASEN). Project implementation will follow the public-private partnership model.
Last year, MASEN shortlisted five consortia to bid for the development of Noor-Midelt 1. According to the pre-qualification documents, the first phase will consist of two hybrid PV and CSP plants, each with a capacity of between 150 MW and 190 MW coupled with a minimum of five hours storage capacity. The capacity of the PV component is left to the bidders' discretion.
(USD 1.0 = EUR 0.851)