
During the first half of 2012, the African Development Bank (AfDB) approved US$800 million in loans to encourage private investment in Morocco’s growing wind and solar markets.
The bank’s support of Morocco’s plan to develop a concentrated solar power (CSP) plant at Ouarzazate and its Integrated Wind/Hydro and Rural Electrification Program is helping the country realise its goal of increasing its installed renewable energy capacity to 42 per cent by 2020.