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25 Mar 2024

Breakdown at Saudi Solar Plant in Morocco Costs Firm $47 Million

25 Mar 2024  by reuters   
Saudi Arabian renewable energy utility ACWA Power International on Sunday reported a storage breakdown at one of the solar plants it operates in Morocco that will cost the company an estimated $47 million.

The 150-megawatt plant, part of the Noor Ouarzazate solar complex, will be forced to remain idle until November 2024, the company said on the website of the Saudi Stock exchange.

The breakdown highlights the recurrence of technical issues and storage breakdowns at the concentrating solar power (CSP) plant. Technical problems stopped all output there for a year from summer 2021, two sources told Reuters last month.

It is already falling behind on solar, with only 831 megawatts (MW) installed so far, compared to the 2,000 MW that was planned for by 2020. Wind has made up some of the shortfall but polluting coal plants still make up most output.

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