International Report Highlights Noor-Ouarzazate Complex as a Landmark Achievement in Energy Transition in Africa
A report titled “The Renewable Energy Investment Case for Africa,” released on the sidelines of the second African Climate Summit held from September 8 to 10 in Addis Ababa, places the Noor-Ouarzazate Complex at the forefront of successful renewable energy initiatives on the continent.
The complex is one of the largest concentrated solar power plants in the world, with a total capacity of 582 megawatts, of which 510 megawatts rely on concentrated solar power (CSP) technology and 72 megawatts come from photovoltaic (PV) solar power. The project is a key pillar in Morocco’s national strategy, aiming to increase the share of renewable energy to 52% of installed electric capacity by 2030 and reduce energy dependence.
The complex was achieved through a public-private partnership led by the Moroccan Agency for Sustainable Energy (MASEN) and supported by a consortium spearheaded by ACWA Power. In terms of financing, the project relied on concessional loans from major financial institutions, including the World Bank, the African Development Bank, and the European Investment Bank, which helped reduce the cost of generated electricity by between 10% and 25%, enhancing its economic viability.
The report noted that the Noor Complex not only has an energy dimension but has also created a significant social and economic impact. It provides electricity to over 1.1 million people and covers about 5% of national consumption, in addition to contributing to the creation of thousands of jobs and stimulating local development in the region.
The report, prepared by the Enzi Ijayo Africa Initiative and Africa Climate Insights with support from Zero Carbon Analytics, emphasized the investment opportunities available in the renewable energy sector on the continent, asserting that the Noor-Ouarzazate experience serves as a leading model for cooperation and successful partnerships in Africa’s energy transition.
