Morocco Set to Ramp Up Energy Capacity by 2027, Investing $7 Billion

 Minister Announces Ambitious Plan to Boost Renewable Energy Sector

Morocco is gearing up to significantly increase its energy capacity, with plans to invest $7 billion to add 9 gigawatts (GW) to its existing 11 GW installed capacity by 2027, revealed energy minister Leila Benali. Speaking at a conference on batteries in Rabat, Benali emphasized that renewables would account for 6.5 GW of the additional capacity, aiming to elevate the current renewable capacity from 4.5 GW to 6.5 GW by 2027.

The Moroccan government’s investment in renewables since 2009, totaling $6 billion, underscores its commitment to expanding the share of renewable energy in the country’s energy mix to 52% by 2050, primarily through investments in solar and wind projects. Benali stressed the importance of bolstering infrastructure such as grids, storage, and batteries to support the development of renewables in the country. Despite significant reliance on coal for electricity generation, with about 70% of electricity derived from coal last year, Morocco is making strides in transitioning to cleaner energy sources, including natural gas and green hydrogen. The government’s initiatives to attract investment in green hydrogen production, alongside plans for liquefied natural gas infrastructure, reflect its commitment to decarbonizing industries and fostering sustainable energy practices.

Source: OGN