Morocco Charges Ahead: $7 Billion Investment Boosts Energy Capacity With Renewables, Gas, And Green Hydrogen

Morocco is aiming to significantly boost its energy output by investing $7 billion to add 9 gigawatts of capacity by 2027. This will nearly double their current capacity.

A big focus will be on renewable energy sources like solar and wind power, which will make up over two-thirds of the new capacity. Morocco is looking to increase the overall share of renewables in their energy mix to over half by 2050.

While renewables are a key part of the plan, natural gas is also seen as playing a role. Morocco is building infrastructure to import and use liquefied natural gas.

Another area of interest is green hydrogen, which is seen as a way to reduce carbon emissions in industries. The government is offering incentives to attract investment in green hydrogen production.