Morocco - Noor Ouarzazate Concentrated Solar Power Project

Overview & Synopsis

Ratings of Noor Ouarzazate Concentrated Solar Power Project for Morocco were as follows: outcome was moderately unsatisfactory, Bank performance was moderately satisfactory, and monitoring and evaluation quality was substantial. Some of the lessons learned include: The partnership between development partners in the Noor Solar Power Project extended beyond co[1]financing to encompass technical support, knowledge sharing, capacity building, and flexible financial arrangements, all of which were essential for the project's successful implementation and sustainability; Combination of private investment, public financing, and international support is important for developing large-scale, complex, and innovative projects and attracting the private sector; An adequate cost mitigation mechanism and clear counterpart responsibilities further reinforced the potential investment environment that could attract private sector financing; and Local industrial integration is necessary in creating and/or increasing jobs.