Morocco Invests $5.65 Billion in Renewable Energy, Plans to Double Down

Moroccan Energy Minister Aziz Rabbah said the kingdom had invested more than $5.65 billion in renewable energy over the past decade. This investment has made it possible to meet demand and ward off the specter of power cuts. Given the positive results, the kingdom plans to invest the same amount in renewable energy in the coming years.

The government and the Water and Electricity Office have made significant investments to provide energy to industrial consumers and households, the minister stressed. The achievements made thanks to this investment will be able to meet 96% of demand by 2050. This statistic comes from the kingdom’s Economic, Social and Environmental Council.

It should be noted that King Mohammed VI recently indicated that the country’s ambition to allocate 52% of the energy mix to renewable energy by 2030 should be revised upwards.