- Just last month, Morocco unveiled plans to bolster its energy capacity by a significant 9 gigawatts (GW) by 2027
- The nation has set an ambitious agenda, aiming to add 800-1,000 megawatts incrementally
Morocco has announced its plan to invest almost 10 billion Moroccan dirhams ($1 billion) annually in the coming years to expand the proportion of renewable energy sources in its energy mix and reduce power imports.
In 2023, Morocco achieved a noteworthy milestone by generating approximately 4 gigawatts (GW) from renewable energy sources. The nation has set an ambitious agenda, aiming to incrementally add 800-1,000 megawatts (MW) annually in the subsequent years to fulfill its targeted energy share, as reported by local media citing a government document.
The report outlines Morocco’s commitment to elevate the proportion of renewable energy to 52 percent by 2030 and a remarkable 80 percent by 2050. Such substantial investments are poised to substantially reduce Morocco’s hefty energy import expenses, which currently amount to MAD150 billion ($15 billion) per annum.
Just last month, Morocco unveiled plans to bolster its energy capacity by a significant 9 gigawatts (GW) by 2027, with renewables accounting for 7GW of this expansion. This ambitious endeavor entails an investment of $9 billion, as elucidated by Energy Minister Leila Benali in an interview.
Despite the global push to diminish reliance on natural gas, Minister Benali underscored its continued importance as it plays a crucial role in accommodating the intermittent nature of renewable energy sources. Furthermore, Morocco intends to introduce adaptability into its energy system and lay the groundwork for the burgeoning hydrogen economy, as well as the production of ammonia and green methanol. As such, the country is poised to navigate the evolving energy landscape with a multi-faceted approach.