Morocco says development of five solar-power projects, estimated at $9.5 billion total, will proceed despite threats by some European financiers to pull out of the initiative because of the controversial presence of the country’s administration in the former Spanish colony of Western Sahara.Moroccan Foreign Minister Salaheddine Mezouar, as quoted by Reuters in early February, told the reluctant investors that Morocco has “no financing problems. We have several [investors]. There are the Japanese, Chinese and Gulf countries.” Moroccan authorities, however, have yet to reveal which lenders have solidified pledges to fund the ambitious energy development program.Undisclosed sources at Germany's state-owned banks and at
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.