The World Bank has approved a $297m loan for the financing of the Ouarzazate concentrated solar power (CSP) plant in Morocco.

The 500MW facility will enable the nation to generate 2,000MW of solar power capacity by 2020.

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The Moroccan Agency for Solar Energy and a private partner will develop the 160MW first phase of the Ouarzazate parabolic trough plant.

The first phase is expected to reduce annual CO2 emissions by 240,000t.

The project was launched in 2009.

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Nominations are now closed for the Power Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

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Recognised with three 2025 Power Technology Excellence Awards, Hover Energy is at the forefront of intelligent microgrids and distributed renewables. Explore how its AI-enabled Microgrid Management System™ , strategic partnerships and networked microgrids are rebuilding the grid from the ground up for a more flexible, resilient energy future.

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