- IFC grants €100M green loan for OCP’s PV hybrid project, to be largest in Morocco.
- This green loan is for a 400 MW solar PV and 100 MWh storage plant.
- OCP plans 2 solar plants in Benguerir and Khouribga, totaling €360M investment.
- This marks the 2nd IFC green loan for OCP after a €100M one in April 2023.
IFC Green loan to boost OCP’s solar program in Morocco
Solar-powered phosphate production to benefit the global food supply.
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)