International
TAQA aims to invest $1.6 billion in Morocco's renewable energy sector by 2030
Seetao 2023-03-09 10:14
  • Morocco's PV market looks promising with huge growth potential and government support for the industry
  • Morocco has set a goal of sourcing 52% of its energy from renewable sources by 2030, and the country is investing heavily in installing photovoltaic systems to meet this goal
Reading this article requires
3 Minute

TAQA Morocco aims to invest $1.6 billion in renewable energy solutions in Morocco to increase electricity generation by 50% by 2030. Owned by ADNEC, the company plans to diversify its activities in clean energy and desalination as part of its new strategy.

The company aims to increase its renewable energy generation capacity by 1,000 megawatts, which will help reduce its carbon footprint by 25%. It also aims to accelerate the start-up of its solar project Noor Midelt, which has a capacity of 96 MW.

In the field of wind energy, the company has a 100 MW project in the north and a 600 MW project in the south that is in the early stage of development. The company has always used only coal to generate electricity. By 2023, we seek to shift to coal, gas and renewable energy generation platforms to reduce our carbon footprint, said Abdul Majeed Iraqi Hosseini, chairman of the board.

TAQA Morocco was established in 1997 as the first private electricity producer in the country, with six units generating 2,056 MW.Editor/XingWentao

Comment

Related articles

International

Hapag Lloyd acquires 20% stake in Eurogate Hamburg Terminal

07-02

International

Guinea Rolls Out Domestic Gold Refining to Dominate West Africa’s Gold Value Chain

07-02

International

Kenlu signs G2G fuel import agreement

07-02

International

$1.7 billion transaction! Shell divests non core assets in the Gulf of Mexico

07-02

International

Shell’s LNG Outlook: Middle East Tensions Won’t Alter Long-Term Industry Growth

07-01

International

Eni lays out Argentine gas fields,Intensify local LNG integration projects

07-01

Collect
Comment
Share

Retrieve password

Get verification code
Sure