Moroccan Noor Ouarzazate solar power plants raise €52 million to avoid bankruptcy
Minority shareholders are converting credit lines into shares to bring the companies operating the 430 MW combined capacity power plants into compliance with current regulations.
08/04/2022 at 15h27, by Africa Business+
The 200 MW Noor II concentrating solar power (CSP) plants with parabolic trough technology and the 150 MW Noor III power plant with concentrating tower architecture.
Recommended articles
Renewable energies
12/12/2023 at 15h44, by Africa Business+
Iberdrola, Acciona, Acwa, Masdar — Spaniards and Emiratis well positioned at Noor Midelt III
Morocco’s ambitious solar power plant project has attracted several major international groups.
Renewable energies
07/07/2022 at 17h11, by Africa Business+
Embraer positioned for Air Algérie’s 15 aircraft purchase programme
Algerian President Abdelmajid Tebboune gave the green light for the purchase of 15 new aircraft and,...
Renewable energies
24/06/2022 at 16h14, by Africa Business+
SolarX’s Karim Ghammache plans new installations in Mali, Senegal and Burkina
The French-Malian CEO is seeking further funding following the last round, which concluded in the summer...
Renewable energies
22/03/2022 at 16h46, by Africa Business+
Morocco’s 150 MW Noor III solar power plant shut down continues
Morocco is struggling to repair the damage that hit the power station during a tense electricity crisis.
Electricity
16/09/2021 at 16h34, by Africa Business+
Failures at the Noor solar plant incur losses
Two units suffered several breakdowns that caused the Moroccan operation’s production capacity to drop...
Private Equity
02/07/2021 at 14h53, by Africa Business+
Noor Sweid and Basil Moftah new Global Ventures’ vehicle spotlights healthcare
Galvanised by the excellent performance of healthcare technology companies, the two venture capitalist...