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.”