Name of the Project
Solar plants projects.
Location
The solar plants will be built in the mining towns of Benguerir and Khouribga, home to Morocco’s biggest phosphate reserves.
Project Owner/s
International Finance Corporation (IFC) and OCP Group.
Project Description
The project is part of OCP’s $13-billion Green Investment Programme, which aims to increase its green fertiliser production and transition its operations to green energy by 2030. It will enable OCP to replace its electricity consumption with green energy, avoiding the emission of about 285 000 t of carbon dioxide equivalent a year.
Potential Job Creation
Not stated.
Capital Expenditure
IFC will provide OCP with a green loan of €100-million to build the solar plants.
Planned Start/End Date
OCP plans to source 100% of its electricity needs through wind, solar and cogeneration by 2027.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
OCP Group international media relations, email international.media@ocpgroup.ma.