Morocco Approves Multi-Billion Dirham Green Hydrogen Projects
Key Ideas
- Morocco's government approved green hydrogen projects worth 319 billion dirhams for ammonia, steel, and fuel production.
- Selected companies like Ortus, Acciona, Nordex, Taqa, Cepsa, Nareva, Acwa Power, UEG, and China Three Gorges will lead various projects.
- Each project will receive up to 30,000 hectares of land post signing preliminary agreements, fostering significant development.
- The country aims to increase its renewable energy capacity to 52% by 2030, showing a commitment to sustainable energy production.
Morocco has taken a significant step towards green hydrogen production by approving a series of projects with a total worth of 319 billion dirhams. These projects will focus on producing ammonia, steel, and industrial fuel, contributing to the country's sustainability goals. Companies such as Ortus from the US, Acciona from Spain, Nordex from Germany, Taqa from the UAE, Cepsa from Spain, Nareva from Morocco, Acwa Power from Saudi Arabia, UEG, and China Three Gorges will be at the forefront of these initiatives. Each project is set to receive substantial land allocations of up to 30,000 hectares after signing preliminary agreements. Morocco aims to boost its renewable energy capacity from the current 45% to 52% by 2030, showcasing a clear dedication to green energy and reducing carbon emissions.