The newly-developed project will generate power in Morocco by using Concentrating Solar Power "CSP" parabolic trough technology.
HM the King presided over the signing of nine agreements relating to the financing, construction and management of the first plant of Ouarzazate solar complex.
The agreement was signed in the presence of the Moroccan king. This first power plant will have a capacity of 160 megawatts.
The aim of the world’s most ambitious solar power plan is for Europe to import up to a fifth of its electricity from solar and wind farms in the region by 2050.
Morocco's driving to become the world's leading solar power state with a pilot project in the Sahara Desert.
For the development of technical and economical offer and the subsequent construction of the plant, the consortium signed a joint venture with TSK-Acciona-SENER.
The Concentrating Solar Power plant will have a maximum installed capacity of 160MW, at an investment of around 500 million euro.
The consortium formed by Acwa Power International (Acwa Power), Aries Ingeniería y Sistemas (Aries) and TSK Energía y Plantas Industriales (TSK), has been preferred bidder with the first phase of the 500 MW solar project
The HITECO project, co funded by the European Program FP7, aims to develop a new solar receiver that will increase the parabolic-trough efficiency.