Marrakech  - International Finance Corporation, a member of the World Bank Group, has agreed to a $20 million equity investment in ACWA Power Ouarzazate, which has developed the 160 MW NOOR 1 concentrated solar power (“CSP”) parabolic trough plant with three-hour storage near Ouarzazate, Morocco.IFC’s investment will help support the development of Morocco’s solar power industry, part of an effort to combat climate change and bolster the country's supply of electricity, ACWA Power said in a press release.

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Solar Power Plant in Ouarzazate, Morocco