Morocco’s diverse landscape and geographical position give it a gigantic leg up on green energy, rendering the kingdom a prime potential supplier of clean energy to meet Europe’s growing demand, Italian media outlet “Energi Oltre” recently reported.
Europe’s growing demand for energy sources other than natural gas and oil (made more critical because of its boycott of Russian fossil fuels) and its proximity to Morocco means that Europe may be ready to cut significant energy deals with the Kingdom.
Morocco has been pursuing a long-term green strategy and has an ambitious target of 80% renewable energy by 2050. This is possible because the kingdom is favored with not only 3,500+ hours annually of sunshine in certain regions, but also coastal trade wind patterns which yield breezes consistently sufficient in speed to produce an enviable amount of renewable wind energy as well.
Morocco faces the challenge of balancing local consumption and economic needs with its international strategy, and it is pursuing a portfolio of options. It also seeks to meet its climate goals with its economic programs and manufacturing projects.
Europe has its own green energy objectives, including meeting its clean energy commitments. This year, the European Union (EU) allocated 688 Mln USD to Morocco for various projects including the green energy transition.
The Morocco-EU green energy deal opens the door to job opportunities for Moroccan youth and secures European energy needs and decarbonization policies.
Morocco has been increasing its renewable energy since 2006, committing at COP21 summit in Paris to 52% by 2030 (20% utilizing solar energy, 20% wind energy, and 12% hydro).
Morocco ranked 16th worldwide in Ernst and Young’s 2021 Renewable Energy Country Attractiveness Index.