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Home / World Bank backs 300 MW pumped storage plant to unlock Moroccan solar and wind
Back·July 02, 2026·pv magazine Global
Read at pv magazine Global

World Bank backs 300 MW pumped storage plant to unlock Moroccan solar and wind

SolarNews Brief

The World Bank is backing Morocco's 300 MW / 1,500 MWh pumped storage project with $265 million. The investment matters for solar because it is designed to help the grid absorb at least 1 GW of new renewable capacity.

Morocco's state utility ONEE has secured $265 million in World Bank financing for a 300 MW / 1,500 MWh pumped hydropower storage plant. The project is expected to support at least 1 GW of additional solar and wind capacity, making it a grid-flexibility investment rather than a standalone hydro story.

Read the full story at pv magazine Global

Source: pv magazine Global. Solar News summarizes; the complete story is on the publisher's site.

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