- The sizable investment would greatly influence Morocco’s pledge to a greener future, as the country seeks to have 52% renewable energy by 2030.
- Solar energy was also factored into the plan, as TAQA won five lots in Morocco’s solar program Noor PV II last year.
As Morocco continues its journey to use greener energy, a subsidiary of Abu Dhabi National Energy Company TAQA has announced it will invest $1.6 billion in the country’s green energy projects by 2030, converging reports have detailed. One of the projects includes creating a seawater desalination facility to help resolve water supply issues. The news of the plan aligns with Moroccan Minister Nizar Baraka’s latest announcement of Morocco’s plans to use “conventional and unconventional” water sources to combat the ongoing drought and reach water security by 2023.
During a press conference on Tuesday in Casablanca, TAQA’s Chairman, Abdul Majeed Eraqi, explained that 1,000 Megawatts (MW) of renewables will be added to Morocco’s energy mix. The strategy aims to reduce Morocco’s carbon footprint by 25%. Solar energy was also factored into the plan, as TAQA won five lots in Morocco’s solar program Noor PV II last year, which has the potential to host 96 MW of solar power.
TAQA already has 100 MW in northern Morocco. The sizable investment could greatly influence Morocco’s pledge to a greener future, as the country seeks to have 52% renewable energy by 2030. The company, founded in 1977, noted that its Morocco branch hosts 19% of the installed capacity in North Africa and provides 38% of its electricity needs.