CLEAN, NON-POLLUTING ENERGY
Ensure access to affordable, reliable, sustainable and modern energy for all
1 in 8 people still do not have access to electricity. In order to ensure access to affordable, reliable, sustainable and modern energy for all, it is necessary to increase the use of renewable energy from 25 % today to 38 % in 2025.
ACCIONA is positioning itself as a key player in addressing the growth in energy demand while curbing the progress of global warming and promoting the transition to a decarbonized energy model.
Take urgent action to combat climate change and its impacts
The generation and use of energy is responsible for 74 % of total greenhouse gas emissions in the world. This activity is the largest contributor to global warming. Investment in renewable energy, energy efficiency and other low carbon technologies will continue to be essential to meet the new needs of humanity and to minimise their negative impact on the environment.
ACCIONA considers the fight against climate change and its related effects to be a strategic priority. The Company is working to mitigate greenhouse gas emissions in order to contribute to the progress of society and respond to the main challenges of sustainable development in the areas of infrastructure, water and energy, leading the transition to a low-carbon economy.
The construction and commissioning of the plant will take 28 months. The experience of the EPC consortium, both in solar thermal plants and in international electricity generation facilities, will ensure the success of the project.
ACCIONA has a long track record of complex construction projects, with contract structures including many stakeholders, working in multicultural contexts. ACCIONA is a giant in the field of development, construction and operation of solar and renewable facilities. The technology of this plant in particular, parabolic trough collectors (CSP), is very familiar to ACCIONA, as it has developed facilities using the same technology both in Spain and abroad, and both operated by ACCIONA itself and by third parties.
The fact that it was selected as a preferential bid grants the bidding consortium the right to negotiate financing for the plant with Masen and a group of international financial institutions led by the World Bank, which will supply a large part of the capital as debt. Acwa Power will manage the project finance, having received the approval and the commitment to purchase energy at a fixed rate for 25 years from the Government of Morocco. This process is expected to last about five months, at the end of which the construction can start.
- Location: Ouarzazate, Morocco
- Contract type: EPC (engineering, procurement and construction), design, engineering, supply, construction, commissioning, operational testing and commissioning of the plant
- Year of project completion: 2015