Ashurst and Norton Rose Fulbright have landed key roles on the creation of the world’s largest solar power plant, which is under construction in Ouarzazate, Morocco. Ashurst advised the project company ACWA Power on the development and financing of the first phase of the programme, with a team led by energy partner David Wadham and finance partner James Coiley. ACWA Power will sell the plant's output to the Moroccan Agency for Solar Energy (Masen) under a 25-year power purchase agreement. Masen currently owns 25% of ACWA Power. Norton Rose Fulbright advised Masen, with global head of energy Simon Currie taking the lead role.
September 26, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Norton Rose Fulbright and Ashurst advise on first phase of Morocco energy project
Ashurst and Norton Rose Fulbright have landed key roles on the creation of the world’s largest solar power plant, which is under construction in Ouarzazate, Morocco.
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