Genesis Morocco: New San Giorgio Group Report on the Ouarzazate Phase I CSP Project

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Genesis Morocco

Project Genesis is a strategic sustainable development framework for Morocco to translate from being a net importer of energy and a country facing water shortage issues, into the number one producer both of clean renewable energy and water in the region.

Tuesday, August 28, 2012    <<Home

New San Giorgio Group Report on the Ouarzazate Phase I CSP Project

Personal Notes: The San Giorgio Group, a special research group under the auspices of the Climate Policy Initiative, has recently contributed to the buzz about the Ouarzazate Phase I Concentrated Solar Power (CSP) project with a case study primarily concurring the financing of the project. The 44 page report is a useful guide in laying out the complex system of loans, revenue agreements, and risk sharing that is the underlying framework of Ouarzazate Phase I -- a project which is not only large and expensive, but which will rely on a technology which is relatively new, untested, and, according to many in the field, economically unviable. The report also lays out keys players, their contributions to the project, and their expected benefits, be they profit, experience, reduced greenhouse gases, or increased local employment and industry. Lastly but perhaps most importantly, the case study lists a number of lessons it has drawn from the Public-Private partnership financing model of Ouarzazate Phase I, and how these lessons can be translated to other CSP projects both in North Africa and around the world.

The report can be found via the Climate Policy Initiative's website.

Genesis Morocco :