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Morocco plans $7 billion investment to double energy capacity

The country aims to add 9 gigawatts of capacity to its current grid by 2027

Morocco plans $7 billion investment to double energy capacity
[Source photo: Krishna Prasad/Fast Company Middle East]

Morocco has long prioritized a clean energy future, allocating substantial resources to renewable sources. Since 2009, the nation has invested $6 billion in solar, wind, and other clean technologies. 

This dedication is reflected in Morocco’s current energy mix, with renewables accounting for a commendable 37.6%, which the country aims to increase to 52% by 2050.

Morocco’s ambitions extend far beyond these initial milestones. Recognizing the pressing need to expedite the transition from fossil fuels, the nation stands ready to take a significant leap forward.

Morocco is poised to significantly bolster its energy production with a $7 billion investment. On Wednesday, Energy Minister Leila Benali announced the country’s ambitious goal to increase its current grid capacity by 9 gigawatts (GW) by 2027, effectively doubling its output.

Morocco’s ambitious plan focuses on renewable energy sources, allocating 6.5GW of the new capacity to solar, wind, or other clean technologies. This marks a significant rise from Morocco’s current renewable capacity of 4.5 GW, which constitutes 37.6% of the nation’s energy mix. “We must invest more in areas like grids—to enhance the development of renewables in our country—storage, and batteries,” emphasized Benali.

While prioritizing renewables, Morocco recognizes natural gas as a transitional energy source. With coal currently dominating electricity generation at approximately 70%, renewables only accounted for 20% last year.

In March, the government revealed plans to diversify its energy mix to build liquefied natural gas (LNG) infrastructure in Nador, a Mediterranean port. This facility will be linked to a pipeline that imports gas from Spain.

“Natural gas plays a crucial role in our energy transition,” Minister Benali stated.

Morocco is exploring the potential of green hydrogen. Earlier this year, the government introduced incentives and earmarked appropriate land for green hydrogen production to entice domestic and international investors.

This multifaceted strategy underscores Morocco’s proactive stance in bolstering its energy production while navigating towards a greener and more sustainable future.

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