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State-controlled Chinese company Shanghai Electric is reportedly planning to invest more than $2 billion over a period of 5 years to develop about 3,500 MW of solar energy projects in Morocco.
The Chinese company had announced last June it got a substantial loan from the China Development Bank (CDB) to finance investment projects of $16.5 billion in 7 Arab countries, including Morocco.
"There are plans to construct five power solar stations, with a combined generation capacity of 3.5 GW,
"These projects will turn Morocco into one of the most important clean energy producers in 2020," the daily was quoted in the report.
It is indicated that this step taken, concurs with plans between China and Morocco for inking deals on renewable energies, exploration for oil, gas and minerals in Morocco.
Reference: http://solarenergy.einnews.com/article/223070434/FJRDvu8zh_DBmB0O
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| Reference: http://solarenergy.einnews.com/ |
"There are plans to construct five power solar stations, with a combined generation capacity of 3.5 GW,
"These projects will turn Morocco into one of the most important clean energy producers in 2020," the daily was quoted in the report.
It is indicated that this step taken, concurs with plans between China and Morocco for inking deals on renewable energies, exploration for oil, gas and minerals in Morocco.
Reference: http://solarenergy.einnews.com/article/223070434/FJRDvu8zh_DBmB0O
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