ACWA Power suspends Morocco's Noor 3 solar project due to a molten salt tank leak, causing $47M revenue loss.
Saudi-based ACWA Power suspends operations at Morocco's Noor 3 solar project due to a molten salt tank leak, expecting revenue losses of around $47M. The project, which has a 75% stake in the venture, plans to repair the damage and explore building a new tank. The setback impacts the company's financial performance and Morocco's renewable energy goals, with solar installations lagging behind targets.
March 24, 2024
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