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    Reference: 20160526
    Release date: 6 February 2020

    Promoter – Financial Intermediary

    MOROCCAN AGENCY FOR SUSTAINABLE ENERGY

    Location

    Description

    This project, concerning the Midelt Solar Complex, located near the city of Midelt, will finance the construction and operation of two hybrid photovoltaic/concentrated solar power (PV-CSP)plants with storage of ca. 500 MW each (total gross capacity of up to ca. 1000 MW). After the Ouarzazate complex, this is the second programme launched by MASEN under the NOOR Plan. Additionally, it is the first one using both PV and CSP technologies.

    Objectives

    The PV-CSP hybrid solution will optimise the operating parameters of the plants, by enabling the electricity supply after sunset while providing a low-cost solution for daytime generation.

    Comments

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 387 million

    Total cost (Approximate amount)

    EUR 2676 million

    Environmental aspects

    Details of the Environmental Impact Assessment (EIA) procedures will be reviewed during appraisal, in particular the procedures for ensuring compliance with the EIB standards and principles of EU directives.

    Procurement

    The promoter has to ensure that the project implementation will be done in line with the EIB's Guide to Procurement.

    Status

    Signed - 21/12/2018

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Morocco Energy