Morocco Unveils $9 Billion Green Hydrogen Investment Plan by 2030

Develop as soon as possible an operational and attractive "Morocco Offer" covering the entire value chain of the green hydrogen sector. This is one of the main instructions given by King Mohammed VI at this meeting. "We are pleased with this royal decision. As a cluster, which contributed to the development of the national roadmap on hydrogen, we needed this strong position at the highest level of the state," rejoices Yahya Zniber, the president of the Green H2 Cluster.

The competition in this sector is becoming increasingly fierce. Several African countries are aiming to produce green hydrogen and its derivatives. "We can mention Egypt, Algeria, Libya, Mauritania, Sudan and Chad in North and East Africa, while in the South of the continent, there is Botswana, Namibia and South Africa that have been reported," reports the daily Les Inspirations Eco.

For its part, Morocco is working to become an indispensable player in the development of the green hydrogen industry at the regional level and capture up to 4% of global demand for green molecules. The objective of the national roadmap on hydrogen is to highlight green hydrogen as a technological solution for energy conversion and storage, as experimented by Japan, Germany, France, Denmark and Spain.

The national demand for green hydrogen is estimated at 4 TWh in 2030 for a power of 2 GW in renewable energy sources, 22 TWh in 2040 for a power of 12 GW and 40 TWh in 2050 for a power of around 20 GW, which is equivalent to "a cumulative investment of 90 billion dirhams by 2030 and 760 billion dirhams by 2050". For exports, it is estimated at 10 TWh in 2030 for a power of 6 GW in renewable energy sources, 46 TWh in 2040 for a power of 25 GW and 115 TWh in 2050 for a power of around 60 GW".