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.
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