Renewable energy into Morocco investment craze

Polaris solar PV net news: oil price network reported, according to Morocco 2008 national energy strategy by 2020 national renewable electricity generation accounted for more than 42% of the total generating capacity, by 2030 this figure will reach 52%. To achieve the goal, Morocco renewable energy law issued by the Government to revise its 2010, lead private investors to participate in the development of solar and wind power. In 2017, the renewable energy sources will continue to be Morocco’s investment craze.

Renewable energy into Morocco investment craze

Morocco the world’s largest solar thermal power generation project Noor

Although the specific terms and conditions of the reform has not yet been determined, but the clear renewable-energy investors could sell its surplus electricity output 20%.

The pursuit of energy independence is Morocco an important factor in developing solar energy. Earlier, Morocco’s energy needs imports 97%. Despite low oil prices make the 2015 28% lower energy bills, but the account deficit shrank nearly two percentage points, equivalent to 2.1% of GDP, this is mainly because of the fragility of the country’s excessive reliance on energy markets.

Since 1991, Morocco power consumption growing at a rate of 5% to 6% per year, according to this calculation, the country’s energy demand will double by 2050 No 5.

To achieve the ambitious renewable energy targets, 2009, Morocco developed a solar plan (MSP), aims to develop the country’s years of 3,000 hours of sunshine solar energy potential. Morocco is in the South of building the world’s largest solar thermal power generation project Noor, at a cost of $2.7 billion, covers an area of 2000 hectares, total installed capacity up to 580 megawatts of power generation.

A project Noor1 slot capacity of 160 MW power station has been officially put into operation, and follow-up projects Noor2 and Noor3 under construction, operation as a whole generate enough electricity to meet the 1 million after Morocco home use. Noor project is expected to enable Morocco reduced oil imports of up to 2.5 million tons a year.

In addition to speed up the implementation of the national solar energy plan, Morocco has also strengthened cooperation with the European countries. Morocco and Portugal will jointly develop renewable energy signed a memorandum of understanding. Cooperation between the two sides is the basis of Portugal’s experience in renewable energy grid, to become joint leader in the African green energy exports to Europe as a whole.

Last November, Morocco renewable energy public institutions Masen and Saudi Arabia’s Acwa Power signed a 20-year PPA, to buy 170 megawatts of solar electricity generated by the project.

In addition, Morocco plan to raise 800 megawatts of wind power installed capacity from 2015 to 2020 2 gigawatts. Morocco has 3500 kilometers of coastline, has the great advantage of offshore wind power development. Abu Dhabi national energy company Morocco company will soon build a 140-megawatt wind power station near Tangiers, first phase of 60 MW will be commissioned in 2017. It is reported that the wind power the equivalent of 900,000 metric tons of carbon dioxide emissions, saving $200 million cost of imported fossil fuels.

In July, France and Morocco agreement, build 5 GW and 6 GW of power generation projects. France Engie has Morocco implemented a number of renewable energy projects in the Southwest. Isabelle Kocher, Chief Executive of the company said: “solid relations of cooperation is central to us strategy in Africa. In order to expand the renewable energy development, 2020-2025 we hope Egypt, Ivory Coast, Senegal, Ghana and Cameroon enterprises to establish a cooperative relationship. ”

Original title: renewable energies into Morocco investment craze

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