RABAT, May 22 (Xinhua) -- A consortium led by French EDF Renewables won a tender to build an 800-megawatt solar plant near the Moroccan city of Midelt, local media reported on Wednesday.
The consortium involves also UAE's Masdar and Morocco's Green Energy of Africa, the financial news site Medias24.com said.
The plant will be built with an investment of 7.57 billion dirham (781.5 million U.S. dollars) funded by several international institutions, namely the European Investment Bank, the German bank of KfW, the French Development Agency, the European Commission, the World Bank, the African Development Bank and the Clean Technology Fund, the same source said.
Dubbed Noor Midelt 1, the plant will use a hybrid system of concentrated solar plant (CSP) and photovoltaic (PV) technologies, the source noted.
The project is part of Morocco's ambitious goal to produce 42 percent of its electrical power from renewable energy by 2020 and 52 percent by 2030.
By the end of 2018, Morocco produced some 35 percent of its electrical power from renewable energy sources, according to the Moroccan Ministry of Energy, Mining and Sustainable Development.