WASHINGTON — A Moroccan solar project, which could be worth some $9 billion (or 6.6 billion euros), may never get its feet off the ground.
Reuters reported that Morocco planned that this project could have exported its desert sun power to Europe, which some hoped would have been very lucrative.
The plans were drawn up back in 2009 to build solar plants and wind farms, but European investors have balked at building the facilities until the Western Sahara dispute is resolved. The Western Sahara region has been run by the Moroccan government since 1975, but an Algerian-backed group Polisario Front wants to declare independence for the region.
It also does not help that North Africa is suffering from an influx of militant and violent Islamist forces in Tunisia, Libya and Mali.