The OCP has unveiled its plans to build two solar energy plants in Khouribga and Benguerir funded through a new 100 million euro green loan from the International Finance Corporation (IFC).
These solar stations, with an average capacity of 400 megawatts and 100 megawatts per hour of storage, will provide carbon-free energy to the phosphate mines in Benguerir and Khouribga.
The OCP statement points out that global challenges, including the COVID-19 pandemic and the Ukrainian war, have strained food supply chains. In response, reducing hydrocarbon emissions is seen as crucial for enhancing food security in developing and emerging countries.
The agreement with the IFC marks the launch of Morocco’s largest solar photovoltaic project with integrated storage infrastructure, making it the largest in North Africa.
“The agreement signed between the Office Chérifien des Phosphates and the International Finance Corporation makes it the first large-scale solar photovoltaic project with an integrated storage infrastructure in Morocco, and the largest in North Africa,” the OCP said in a statement.
This initiative is the second such project funded by the IFC, following a previous 100 million euro loan for four solar energy plants with a combined capacity of 203 megawatts in the same locations in February.
Morocco’s push to establish carbon-free energy sources aligns with the European goal of curbing carbon-intensive industries. A 2026 carbon tax initiative aims to discourage carbon footprints from foreign industries.
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