Saudi Arabia’s power and water project developer, ACWA Power, has won a contract for the development of the fourth and last phase of Morocco’s flagship solar power complex Noor Ouarzazate. The fourth phase will consist of the development of photovoltaic technology that should have a capacity of 70MW, reported Trade Arabia.
The Ouarzazate project is considered the world’s largest multi-technology solar power plant with a total of 580MW of nameplate capacity and an overall investment of up to $826m, according to Utilities-ME. The solar power complex located 10km away from Ouarzazate currently produces 160MW of energy during the day and has a stock capacity of 3 hours overnight.
ACWA Power has won the development of all three previous phases of the complex which use concentrating solar power (CSP) technology. The first phase of 160MW was inaugurated in February 2016. The second phase capacity is 200MW, while the third is 150MW.
In a related news, Egypt Oil&Gas informed that ACWA Power was set to launch a new company that will group its existing renewable energy portfolio and act as a platform to capitalize on the rapidly growing market potential for renewable energy in emerging markets. The newly established company was named Acwa Power RenewCo.