Even though no date was set for the solar project to get going, it has caused an international impact. Germany announced that they have donated $4m in support of Morocco’s solar power drive, according to Bikya Masr, a Cairo-based website. The donation will be used to develop local industry and research.
Elsewhere, Steel Guru today wrote that the European Investment Bank has “set aside†500 million Euros to finance a solar power station in Ouarzazate, in the south of Morocco, which will export solar energy to Europe.
Morocco is the only northern African country that does not sit on oil reserves so it’s imperative for them to find renewable sources of energy. The country is blessed with plenty of sunshine therefore solar power presents itself as the most promising solution.
I think there is a type-o here “Morocco is the only northern European country …” Morocco is in Africa, not Europe 😉