The Climate Investment Funds (CIF) gave the go-ahead on to Algeria, Egypt, Jordan, Libya, Morocco and Tunisia to proceed with an updated version of a massive project to create a 1,120 MW of energy from Concentrated Solar Power (CSP) for the region. The plan will receive US$660m (€510m) from the CIF’s Clean Technology Fund (CTF) and is expected to leverage nearly US$5bn (€3.8bn) from other donors and private financing. The initial plan, first endorsed by the CIF in 2009, has undergone post-Arab Spring changes by each country to reflect the political and economic conditions in the region and to build on emerging lessons from the plan’s first project now underway (the Ouarzazate-I 160 MW plant in Morocco). The original plan projected a total of 895 MW of power, but with the revision the region now expects to achieve 1.12 GW, making it the most ambitious CSP program in the world.
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