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.