Rabat - The Swiss group Sola Terra specializing in Solar Energy is reportedly planning to set up 16 photovoltaic plants with a capacity of 25 megawatts in Southern Morocco.
The 16 plants will be built each under contracts already signed with the Moroccan government. Seven sites have already been identified to accommodate Sola Terra facilities mainly in Ourzazate, Ain Bni Mathar, Foum Al Oued, Boujdour, and Sebkat Tah.
Sola Terra will soon launch the construction and aims through its forthcoming listing on the Berlin Stock Exchange for a contribution of 50 million euros.
Currently, Terra Sola has over 1,7250MWp worth US$ 2.76 billion of projects under active development in the Middle East and North Africa region.
The company operates in Bahrain, United Arab Emirates, Saudi Arabia, Jordan, Oman, Turkey, and Morocco.
"The sun, unlike oil energy, is not part of the economic culture of the Middle East, but that will change," said David Heimhofer, Terra Sola president.