150MW NOORo III CSP Project – ACWA Power

The 150 MW NOORo III CSP Project by ACWA Power is a greenfield IPP to be developed as the third project for the Moroccan Agency for Solar Energy (MASEN) in a series of several planned developments at the Ouarzazate Solar Complex. The Ouarzazate complex is set to develop into a 500 MW solar park incorporating several utility-scale solar power plants using various solar technologies.

NOORo III will be a CSP tower, with a capacity of 150 MW and 7 hours of storage to be developed on a Build, Own, Operate and Transfer (BOOT) basis.

KEY FACTS

Offtaker: Moroccan Agency for Solar Energy (“MASEN”)

Power: 150 MW

Technology: Solar tower technology and molten salt thermal energy storage (7 hours)

ACWA Power Share: 75.0%

Offtake Contract: PPA-BOOT 25 years

O&M: NOMAC 75% | Masen 25%

Other Investors: SENER

EPC: SENER