Marrakech – The World Bank Board of Directors on Wednesday approved $265 million to finance the Ifahsa Pumped Hydropower Storage Project in northern Morocco, one of the most significant clean energy infrastructure investments of its kind on the African continent.
Located near Chefchaouen, the 300-megawatt facility will function as a large-scale rechargeable battery for Morocco’s national electricity grid. During periods of high solar and wind output, the plant will pump water to an upper reservoir. That stored water will then…
