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NOORo III CSP IPP

NOORo III CSP IPP

OVERVIEW

The 150 MW NOORo III CSP Project is a greenfield IPP to be developed as the third project for the Moroccan Agency for Solar Energy (MASEN) in a series of several planned developments at the Ouarzazate Solar Complex. The Ouarzazate complex is set to develop into a 500 MW solar park incorporating several utility-scale solar power plants using various solar technologies.

NOORo III will be a CSP tower, with a capacity of 150 MW and 7 hours of storage to be developed on a Build, Own, Operate and Transfer (BOOT) basis.

KEY FACTS

  • LOCATION

    Morocco

  • OFFTAKER

    Moroccan Agency for Solar Energy (“MASEN”)

  • POWER

    150 MW

  • TECHNOLOGY

    Solar tower technology and molten salt thermal energy storage (7 hours)

  • PROJECT COST

    USD 862 Mn

  • COMMERCIAL OPERATIONAL DATE

    Q4 2018

  • ACWA POWER SHARE

    75.0%

  • OFFTAKE CONTRACT

    PPA-BOOT 25 years

  • O&M

    NOMAC 75% | Masen 25%

  • OTHER INVESTORS

    SENER

  • EPC

    SENER

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