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NOORo I CSP IPP

NOORo I CSP IPP

OVERVIEW

The 160 MW NOORo I CSP Project is a greenfield IPP and the first of several projects planned by the Moroccan Agency for Solar Energy (MASEN) at the Ouarzazate Solar Complex. The Ouarzazate complex is set to develop into a 500 MW solar park that incorporates several utility-scale solar power plants using various solar technologies. The first plant within this complex is the 160 MW NOORo I CSP Project, where  three hours of thermal energy storage is used to deliver power at the evening peak times.

On 19 November 2012, MASEN and the consortium led by ACWA Power signed a power purchase agreement valued at USD 900 million, for the sale of the net electricity output of the NOORo I CSP IPP with a capacity of 160MW. NOORo I CSP is located approximately 200 km south of Marrakesh. In June 2013, the project achieved financial close and started delivering clean energy at the start of 2016. 

KEY FACTS

  • LOCATION

    Ouarzazate, Agadir district, Morocco

  • OFFTAKER

    Moroccan Agency for Solar Energy (“MASEN”)

  • POWER

    160 MWe (and 3 hours of Thermal Energy Storage)

  • CONFIGURATION

    Concentrated Solar Power using parabolic troughs and molten salt Thermal Energy Storage

  • PROJECT COST

    USD 841 Mn

  • COMMERCIAL OPERATIONAL DATE

    Q1 2016

  • ACWA POWER SHARE

    73.13%

  • OFFTAKE CONTRACT

    PPA-BOOT 25 years

  • OTHER INVESTORS

    Masen (Morocco) (25%), Aries (2.5%), TSk (2.5%), ASRA (1.875%)

  • EPC

    Spain’s TSK Electronica y Electricidad, Acciona Infrastructures, Acciona Ingenieria and Sener Ingenieria y Sistemas

  • O&M

    NOMAC

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