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Morocco announced on Monday a solar energy project worth $9 billion which officials said will account for 38 percent of the North African country's installed power generation by 2020.
The project will involve five solar power generation sites across Morocco and will produce 2,000 megawatts of electricity by 2020, Energy Minister Amina Benkhadra said at a ceremony in Ouarzazate, south of the Atlas mountains, to launch the scheme.
Funding would be from a mix of private and state capital, she added. The ceremony was attended by U.S. Secretary of State Hillary Clinton and the Moroccan king.
Morocco's power utility ONE Chairman Ali Fassi Fihri said the project would make the country a pioneer in renewable energy generation.
News date: 03/11/2009