The World Bank said on Wednesday it has approved USD 265 million (EUR 232.1m) in financing for the 300-MW Ifahsa pumped-storage hydropower project in northern Morocco.

The World Bank said on Wednesday it has approved USD 265 million (EUR 232.1m) in financing for the 300-MW Ifahsa pumped-storage hydropower project in northern Morocco.

Morocco’s state-owned utility ONEE has secured $265 million to build a 300 MW/1,500 MWh pumped hydro storage plant, which is expected to support at least 1 GW of new solar and…