23 Dec '14, 12pm

Germany provides additional $800 million loan for Moroccan solar park (PV-Magazine)

Germany provides additional $800 million loan for Moroccan solar park 23. December 2014 | Applications & Installations , Global PV markets , Industry & Suppliers , Financial & Legal Affairs , Markets & Trends | By: Edgar Meza The German federal government is providing additional backing for the construction of one of the world's largest solar power complexes, which will have a total capacity of 560 MW when completed. The support is part of Germany's efforts to push for international climate protection and the development of renewable energy in North Africa. The Noor complex in Ouarzazate will employ three different technologies: parabolic trough, solar tower and photovoltaics. BMZ The German government has provided a €654 million ($800 million) loan for two concentrated solar power (CSP) parks under construction in Morocco’s Ouarzazate region that will have a combined capa...

Full article: http://www.pv-magazine.com/news/details/beitrag/germany-p...

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