In 2009, the Moroccan government adopted a new energy strategy to achieve the objectives of energy security and environmental sustainability whilst setting the economy on a green path of economic growth that generates employment. This includes the Morocco’s 2009 Solar Plan which calls for the development of 2,000 megawatts of solar energy by 2020.
This project constitutes the first phase of the Moroccan Solar Plan and foresees the development of a 500 MW solar power complex located approximately 10 km Northeast of Ouarzazate. The NIF grant, together with loans from EIB, AFD and KfW, co-finances the investments required to build a solar plant with a production capacity between 125 and 160 MW, using Concentrated Solar Power (CSP) parabolic technology.
With over EUR 800 million estimated total cost, this is the largest energy project so far co-financed by the NIF in the Southern Neighbourhood. It is fully in line with the NIF strategic objectives and falls within one of the Union for the Mediterranean major initiatives: the Mediterranean Solar Plan. Thanks to the implementation of this project, Morocco will diversify its energy sources to meet national electricity supply, as well as gain capacity to possibly export its energy production to the EU.