OCP secures major funding for its solar projects

159.2 million euros (1.7 billion dirhams). This is the “green” loan that the International Finance Corporation (IFC), a member of the World Bank Group, grants to OCP to enable it to finance its solar projects, in particular the construction of four photovoltaic (PV) solar power plants, with a combined capacity of 202 megawatts near the company’s mining sites at Khouribga and Benguerir. This project, which is in line with OCP’s ambitious plan to supply all of its industrial facilities with green energy by 2027, with all electricity production to come from solar, wind and hydroelectric sources. and cogeneration is defined in two stages starting from a capacity of 202 MW without storage, to eventually reach 1,200 MW.

To read: The OCP group aims for 100% green energy coverage

The first phase, which should be supervised by OCP Green Energy, an OCP subsidiary in charge of the group’s renewable energy projects, includes the design, installation and operation of the four plants. Regarding the location of the power plants, OCP will install a 105 megawatt-peak power plant on a 168-hectare site, on the Ouled Fares site in the Khouribga mining area. In parallel, the Moroccan fertilizer giant should install a 30 megawatt peak on 52 hectares in the Foum Tizi site, located in the same area in Khouribga.