The investment, which is contingent on approvals, would help the Mansour Group-owned developer roll-out solar, wind, distribution infrastructure and EV charging systems in Egypt and neighbouring states.
The World Bank will provide US$125 million in additional financing for the Noor-Midelt 1 and II plants, which include a combination of concentrated solar power (CSP) and PV.
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Casablanca-based confectionery and chewing gum producer Maghreb Industries is close to fully implementing a 1,361kWp rooftop solar system combined with an ice-based storage system on the roof of its new factory.
The Moroccan Agency for Solar Energy (MASEN) has shortlisted five consortia to take part in the bidding for the first phase of the Noor Midelt solar power complex, which includes hybrid solar PV and concentrated solar power (CSP) plants.