According to sources, the top three bidders for the 170 MW Noor 1 PV plants in Morocco are the teams led by Alfanar, ACWA and Fotowatio Renewable Ventures (FRV).
Acwa Power in consortium with First Solar has submitted the lowest tariff price $4.797 cents a kilowatt hour. This was lower than the $4.81 cents a kilowatt hour tariff submitted by FRV.
Morocco's agency for solar energy MASEN opened the bid process on May 23 2016. Previously we reported that MASEN pre-qualified 20 companies in the tender process of its solar power plan Noor PV I.
The project will involve the construction, operation and maintenance of a total of 170 MW in three sites, Noor Ouarzazate, Noor Laayoune and Noor Boujdour, under the independent power producer (IPP) regime.
The projects are expected to achieve financial closure during the fourth quarter of 2016.