Morocco to Invest MAD 88 Billion in ‘Green Electricity’ Production

  • Morocco is progressing its energy strategy, aiming to produce 9,614 megawatts of electricity by 2027.
  • Benali noted that the government plans to significantly increase investments in the electricity transmission network and involve the private sector in these efforts.

Morocco is progressing in its energy strategy. According to Energy Transition and Sustainable Development Minister Leila Benali, the country aims to produce 9,614 megawatts of electricity by 2027 at a projected cost of 87.9 billion dirhams.

This plan was discussed during the “Interim Thematic Working Group on Energy Transition” meeting in the House of Representatives.

The proposed electricity production will come from various sources, including 2,098 megawatts from combined circuits and 7,516 megawatts from renewable energy and pumped storage. This includes 4,098 megawatts from solar energy and 2,668 megawatts from wind power, as well as additional capacity from hydraulic energy and electric batteries.

Benali noted that the government plans to significantly increase investments in the electricity transmission network and involve the private sector in these efforts.

In a strategic move for regional integration, Morocco is working on projects to enhance its electrical interconnections with Spain and Portugal. A new 700 MW line will strengthen ties with Spain, increasing commercial capacity from 900 MW to 1,550 MW. A feasibility study for a 1,000 MW interconnection with Portugal was also updated during COP 28.

Morocco has about 3 million cubic meters of storage capacity for petroleum products, primarily liquid fuels and liquefied petroleum gases. The storage capacities for various fuels range from 33 days for propane gas to 109 days for premium gasoline.

Benali also outlined new measures in the hydrocarbon sector, including establishing a technical committee to define stock types and create reserves to mitigate the impact of rising international prices.

An “Energy Infrastructure Planning Committee” has also been formed to enhance Morocco’s logistical competitiveness while ensuring energy security. A legislative reform committee will focus on modernizing the oil sector and improving governance and competitiveness.

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