Morocco Invests $6 Billion in Renewable Energy Projects

  • Rabat, Morocco
  • 25 January 2024
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Moroccan Minister of Energy Transition and Sustainable Development Leila Benali revealed that Morocco has accumulated a total capacity of renewable energies of 4.6 gigawatts, including solar energy, which provides 852 megawatts with an investment of 30 billion dirhams ($ 3 billion).

Benali explained that Morocco has invested approximately 60 billion dirhams ($6 billion) in renewable energy projects since the launch of the national energy strategy in 2009, pointing out “more than 50 percent of wind energy projects have been developed by the private sector. In cooperation with the National Office of Water and Electricity, it has been scheduled to complete an additional capacity of 9.6 gigawatts by 2027, with an investment of 75 billion dirhams ($7.6 billion).”

Source (Al-Arabiya.net Website, Edited)

 

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