Morocco’s $13 Billion Renewable Energy Investment Boosts Economy and Energy Independence

During a press conference on the fields of energy and sustainable development, the Minister of Energy, Mines and Sustainable Development, Aziz Rabbah, welcomed the success of the strategy, adopted in 2009, which has enabled the country to make giant strides in the energy sector, particularly in renewable energies, and to reduce its dependence on foreign countries for electricity.

The total amount of investments in the sector, nationwide, amounts to 130 billion dirhams, allowing, over a period of three years, to accelerate the local production of equipment and components, and to record a 40% drop in the prices of clean energy infrastructure. This strong expansion has prompted the authorities to restructure the sector by, for example, exempting taxes on the price of solar energy equipment and setting up a support fund for the benefit of farmers to acquire solar pumps for irrigation.
"We have identified, to date, 28,000 farms equipped with solar pumps, the actual figure is still higher," said the minister.

New amendments will enrich the legal framework of the sector, such as the draft law that will allow all households to invest in solar energy to meet their own energy needs.

It should be remembered that the country’s strong development in the field of renewable energy, as well as its energy potential, has whetted the appetite of leading international firms.