Morocco to Solar-Power Nearly Half its Kingdom
Morocco will invest $9 billion upfront to build 2 Gigawatts of solar power, distributed between 5 solar power plants, by 2020. The 2 GW is enough to supply 40% of the nation’s electricity. (...) The five plants are to be built sequentially, with the first one starting up in 2015, saving money right away, by beginning to cut Moroccan dependence on foreign oil and gas imports from nearby neighbours.(...) The Moroccan government is mobilizing multiple financing sources, and partnering with the World Bank, the European Commission and Desertec to bring about this promise for a future of clean solar power.