Morocco’s Ouarzazate CSP plant, expected to generate 125 MW of power, received more funding on June 24 from the CIF’s Strategic Climate Fund. The plant has received $200 million so far from CIF, the African Development Bank (AfDB), and World Bank co-financing.
The project will be the first to be implemented from the MENA Region Clean Technology Fund Investment Plan. It will be one of the largest CSP developments in the world, adding more than 1 GW of solar power generation to the region.
“The CIF’s Strategic Climate Fund gives priority to highly vulnerable least developed countries, including the small island developing states. As momentum grows for climate action on the ground, the CIFs can be a real game-changer," said, Admed Shafeeq Ibrahim Moosa, the Presidential Envoy for Science and Technology from the Maldives, and co-chair of the CIF’s Strategic Climate Fund.
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