Morocco Accelerates Renewable Energy Goals Amid Global Crisis

These forecasts by experts are based on the government’s commitment to take advantage of renewable sources at a time when other powers have brought back the coal power plant card, reports Hespress. According to the figures, at the end of 2021, the installed capacity in Morocco reached 4,050 MW out of a total capacity of 10,743 MW, i.e. a share of nearly 38% of the energy mix.

This year, the additional capacity should reach 87 MW in wind power thanks to the completion of phase 1 of the park installed in Taza. In 2023, Morocco will reach its 42% target that was planned for 2020, while in 2030 it would already be at 64.3%, it is added. To achieve this, the government has bet on massive and ambitious investments in the sector, in line with the guidelines of King Mohammed VI.

Questioned on the subject, Professor Amin Bennouna estimated that "we will reach the 52% target of electricity production capacity before 2030. The reason: In 2008, we thought that by 2030 we would need 24,000 GW of electricity production capacity. But now, it turns out that we will only need 16,000 GW and not 24,000 GW."

Regarding the type of investors expected in the sector, the professor explained that there are two types of investors. He cited the developers and the secondary investors. "The former install the project, usually with a bank and a local investor. They stay there for two or three years, the time to show that it works and that there is an inherent profitability to demonstrate good faith. As for the secondary investors, they will buy the majority of the shares on condition that someone continues to take care of the project and generally they will leave 20% of the shares to the developers and keep 80%".