The African Development Bank (ADB) has approved loans totaling nearly $250m for phase II of the Ouarzazate CSP solar complex project in Morocco.
The loans, of €100 million (US$123 million) and $119 million, will be used to develop two new power stations with capacity totaling 350 MW. Total capacity for the Ouarzazate project will be around 500 MW. Funds for the two loans will come from the ADB’s own resources and the Clean Technology Fund. The Ouarzazate project is part of the Moroccan Solar Energy Program.