IFC

IFC supports concentrated solar power complex in Morocco

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 [...]

Abengoa’s KaXu & Ki Concentrated Solar Power (CSP) plants in South Africa

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.