Utility Scale Solar Project

- Senior Financing for Noor II and Noor III for CSP projects
- Total of 1,600 MUSD Financing provided by MASEN
- The loan is split in three tranches USD, EUR and MAD
- Financing concluded within four months which is extremely fast
- Noor II and Noor III have been globally recognized as a benchmark for future CSP
- MASEN planning to announce two new solar plants of 500 MW each
- Noor II and Noor III will be the largest CSP solar complex in the world and will reduce the global cost curve by 3%
- Local procurement of the project is expected to stimulate development of Morocco’s industrial base, create jobs and bring socio-economic benefits.