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ACWA Power affirms its commitment to Morocco

ACWA Power confirms its commitment to the Moroccan solar plan by supporting the 2nd edition of Photovoltaica, the largest international exhibition in Africa dedicated to the development of solar energy.

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As part of its investment in Morocco as a developer, investor, owner and operator of solar power plants Noor I, Noor II and Noor III, ACWA Power confirms once more its commitment to the Moroccan solar plan by supporting the 2nd edition of Photovoltaica, the largest international exhibition in Africa dedicated to the development of solar energy.

To be convened at Casablanca from 7 to 9 September 2016 under the patronage of the Moroccan Ministry of Energy and Mines, Water and the Environment, Photovoltaica provides a platform for policy makers, technology providers, developers, contractors and operators to share knowledge, keep up to date with the extraordinarily rapid advances in this sector and network with leaders in the solar energy sector.

As an investor with a long term mindset, ACWA Power Chairman, Mr. Mohammad Abunayyan said “ Our participation at this event comes within our pursue to support the economic development in Morocco through working to deliver solar energy at the lowest possible cost to the country, and at this year’s Photovoltaica, we reaffirm our commitment to Morocco’s visionary clean energy future which serves as a model not only to the region but to the world on how quickly and efficiently the transition to renewable can be implemented to ensure a sustainable future for us all.”

Contributing to the energy revolution, Mr. Paddy Padmanathan, President & CEO of ACWA Power recognized that: “While Solar energy has a significant role in not only decarbonizing energy generation but also in catering for the rapidly increasing demand for new capacity to fuel industrialization, economic development and municipal serves improvement in Morocco but also to provide energy access to large parts of the underserved continent of Africa, policy makers, technology providers, investors, owners and operators need to work together to create the appropriate legal, infrastructural and regulatory environment to reduce risk and encourage investment with a long term mindset. Our $2.8 billion solar facility at Ouarzazate, Morocco is a testament to what a partnership between an active and visionary government and an investor with a time horizon spanning decades can achieve.”

Following on from Photovoltaica, the world’s focus on renewable energy will once again be directed towards Morocco in November when Marrakesh hosts the twenty-second session of the Conference of the Parties (COP 22) to the United Nations Framework Convention on Climate Change (UNFCCC). Given its prominent role in Morocco’s renewable energy focus, ACWA Power is also proud and privileged to play a leading role to support Morocco at COP22 which will serve the critical role of catalyzing the momentum built with the consensus achieved at COP 21 in Paris last year when the historic agreement was reached amongst 200 nations.

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