Morocco: 2.2bn euros for energy sector

By Merième Addou, AfricaNews reporter in Rabat. Morocco plans to invest some 2.2 billion euros in renewable energies over the next five years. The Moroccan National Electricity Office, ONE, clearly shows its intention to be one of the global players operating in the development of renewable energy and thereby increase its energy production.

The country plans to increase its production of renewable energy sources such as solar, wind, hydro, thermal or wave, to 10 percent in 2012 from four percent currently, in order to reduce spending and to gain independence of supply and reap economic benefits.

ONE wants to contribute towards the goal of reducing emissions by working with regional partners to develop renewable energy projects, dedicated to export to neighbouring countries and Europe.

Rising concerns over climate change have compelled the Moroccan authorities to look for cleaner ways of producing electricity, especially that the country has the potential to develop and exploit its renewable energy sources. Solar and wind power make the most sense for Morocco, the sun casts some 3,000 hours of light each year in the south of the country and the blustery Atlantic coast offers ideal conditions for wind farms.

www.africanews.com

Views: 9

Comment

You need to be a member of Africa Sustainable Energy & Environment Platform to add comments!

Join Africa Sustainable Energy & Environment Platform

Africa Business Panel | B2B Market Research

As a valued LinkedIn group member, we invite you to join a prestigious online community.

The Africa Business Panel is open exclusively to business men and women engaged in business on the African continent.

 

As a participant in the African Business Panel, you will benefit in several ways and at the same time, you will have no obligations whatsoever. You will decide if and when you want to participate. However, the more you participate in surveys, the better your chances of benefiting from your membership.

Click here to join now


Badge

Loading…

© 2020   Created by Bas Vlugt.   Powered by

Badges  |  Report an Issue  |  Terms of Service