Tag Archives: Morocco
The Moroccan Agency for Solar Energy (MASEN) has shortlisted 5 consortia to bid for the phase 1 of the 800 MW Noor Midelt solar power complex. Noor Midelt is the first complex that specifies hybrid plants including both CSP and PV. Total capacity is expected to reach 400 MW, of which 150 to 190 MW would be provided by CSP with with minimum of 5 hours storage.
The consortiums officially pre-qualified are:
With vigor and vision, the government of Morocco is racing toward a renewable energy target of 42% by 2020 under the Moroccan Solar Plan (MSP), which entails an investment of USD 9 billion to achieve 2 GW of solar energy installed capacity by 2020.
Africa presents a mixed foreign direct investment (FDI) picture – EY Africa Attractiveness report. Egypt, Kenya, Morocco, Nigeria and South Africa (the key hub economies) collectively attracted 58% of the continent’s total FDI projects in 2016. Investment from the Asia-Pacific region into Africa hit an all-time high in 2016. According to EY’s (http://EY.com) latest Africa Attractiveness report, heightened geopolitical uncertainty and “multispeed” growth across Africa present a mixed FDI picture for the continent.
Thirty-nine out of fifty-four states of the AU agrees to accept the Kingdom of Morocco back into the AU after the country opted out 33 years ago. Having being named as one of the brightest 50 economies in the world by Bloomberg, it is of no doubt that Morocco is having a very good economic prospect in Africa and also visionary in diverse sectors needed for economic growth by many other African nations. Morocco is the second largest African investor in the continent, and between 2003 and 2013, 51% of its foreign direct investment went to Sub-Saharan Africa, peaking at 88% in 2010.
“In each market where wind energy is being developed, the state is a big player in the initial stages of industry development and is often the sponsor of pilot projects.”
Climate Investment Funds Give North Africa and Middle East Green Light for Revised Regional Solar Plan
AfDB/World Bank-supported plan to generate more than a gigawatt of power
The First Property for The Leader in Luxury Hospitality in The Kingdom’s Capital