IFC and OCP Group Partner to Build Solar Plants, Green Fertilizer Production in Morocco

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<p>On the 12^th&nbsp;of April, International Finance Corporation and OCP Group announced a partnership through a landmark green loan. It aims to build four solar plants to power OCP’s Morocco operations, for the purpose of reducing the company’s carbon footprint and helping green its fertilizer production.</p>

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<p>Under the agreement, announced during the International Monetary Fund-World Bank Group Spring Meetings in Washington D.C., IFC will provide OCP with a green loan of €100 million to build the solar plants in the mining towns of Benguerir and Khouribga. The plants will have a combined capacity of 202-Megawatt peak (MWp) and will supply clean energy directly to OCP's operations.</p>

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<p>The project will leverage the expertise of INNOV’X, an innovation engine launched by UM6P in 2022 dedicated to building innovative and sustainable businesses and #ecosystems with strong local impact.</p>