Morocco is set to significantly enhance its energy capacity, aiming to nearly double it by 2027 with an ambitious $7 billion investment. This initiative will add 9 gigawatts (GW) to the country’s energy capacity, emphasising a substantial shift towards renewable sources, particularly solar and wind power.
At 4.5 GW, Morocco’s renewable energy capacity accounts for 37.6% of the country’s total energy mix. The new plan will see 6.5 GW of additional capacity from renewables, aiming to boost the overall share of renewable energy in Morocco’s energy mix to over half by 2050. This move aligns with Morocco’s broader strategy to reduce its reliance on coal, which currently dominates electricity production, accounting for about 70% of the total output (Cleantech Law Partners) (Serrari Finance).
Since 2009, Morocco has already invested $6 billion in renewable energy, focusing primarily on solar and wind projects. The government’s long-term goal is to reach a 52% share of renewables by 2050. The Minister of Energy Transition and Sustainable Development, Leila Benali, emphasised the critical need for enhanced infrastructure to support this growth, including investments in grids, storage, and batteries.
In addition to renewables, Morocco is also investing in natural gas infrastructure. Plans include constructing liquefied natural gas (LNG) facilities at the Mediterranean port of Nador and connecting them to pipelines that import gas from Spain. This is part of Morocco’s strategy to diversify its energy sources and ensure a more stable energy supply during the transition period.
Additionally, Morocco is leading the way in green hydrogen technological advancements. The government has introduced incentives and allocated 1 million hectares for green hydrogen projects. Green hydrogen, produced using renewable energy to split water molecules, is seen as a vital component in reducing industrial carbon emissions and is targeted for both domestic use and export markets. This investment underscores Morocco’s commitment to reducing its carbon footprint and transitioning to a low-carbon economy.
The strategic expansion reflects Morocco’s dedication to enhancing energy security and sustainability, positioning the country as a leader in the global shift towards clean energy. This initiative is not only expected to increase the country’s energy capacity but also stimulate economic growth by creating jobs and attracting further investments in the energy sector.
In summary, Morocco’s $7 billion investment in its energy sector is a bold step towards nearly doubling its energy capacity by 2027. With a significant focus on renewable energy and supporting infrastructure, Morocco is poised to become a leading example of sustainable energy development in the region and globally. The inclusion of natural gas and green hydrogen in its energy mix further diversifies its strategy, ensuring a balanced and secure energy future.