News
13 Dec 2012
2 min read
Ouarzazate solar complex: A vector for securing energy supply
The Ouarzazate solar complex in southern Morocco will be a "vector for renewable energy and energy supply security", indicates the European Investment Bank (EIB) in its December newsletter.The Ouarzazate complex will also contribute to creating jobs and promoting the development of an integrated local solar industry, underlines the EIB, which will contribute to the financing of this major project to the tune of 100 million euros.The EIB, which plans to triple this contribution as the project is implemented, notes that once fully completed, the Ouarzazate complex will be one of the largest in the world.During the first phase of operation alone (by 2015), adds the same source, the Ouarzazate solar power plant will induce a reduction in carbon dioxide emissions of 110 thousand tonnes per year, noting that this project, the first of the Moroccan Solar Plan, is the most important implemented…
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