IFC, a member of the World Bank Group, has agreed to a $20 million equity investment in ACWA Power Ouarzazate, which has developed the 160 MW NOORo 1 concentrated solar power (“CSP”) parabolic trough plant with three-hour storage near Ouarzazate, Morocco. IFC’s investment will help support the development of Morocco’s [...]
The IFC partnered with Abengoa Solar in South Africa to provide an innovative financing package to support the construction of the region’s first concentrated-solar power (CSP) plants.
IFC is considering investing with ACWA Power in the 160 megawatt Noor 1 project, in Ouarzazate, Morocco, which is the largest concentrated solar power project in the developing world.
The plant will manufacture steel structures and metallic support structures for the cylindrical parabolic solar thermal collectors (CPC) and heliostats in concentrated solar power (CSP) projects.