Morocco's Ambitious Green Hydrogen Projects Attract International Investors
Key Ideas
  • The Moroccan government's green hydrogen committee has selected five consortiums for six green hydrogen projects valued at US$32.5bn.
  • International investors like ACWA Power, ORNX consortium, Chinese companies UEG and China Three Gorges, Taqa, Cepsa, and Nareva are involved in producing green hydrogen, ammonia, and synthetic fuels.
  • Morocco aims to offer up to 30,000 ha of land per project and is targeting a local hydrogen market of 4 TWh and an export market of 10 TWh by 2030.
  • The country's ambitious plans would require the development of 6 GW of new renewable capacity to support the green hydrogen projects.
The Moroccan government's green hydrogen committee has chosen five consortiums to execute six green hydrogen projects valued at US$32.5 billion. These projects are not limited to hydrogen production but also involve the creation of ammonia, steel, and industrial fuel. The selected investors include well-known names like ACWA Power, the ORNX consortium, a group of Chinese companies UEG and China Three Gorges, Taqa, Cepsa, and Nareva. Each consortium has different plans, ranging from producing green hydrogen, green ammonia, synthetic fuels to green steel. Morocco's strategy, unveiled in January 2021, known as the Morocco Roadmap for Green Hydrogen, envisions a robust local hydrogen market of 4 TWh and an export market of 10 TWh by 2030. To achieve these ambitious goals, the country plans to provide significant land resources of up to 30,000 hectares per project. The successful implementation of these projects is crucial, requiring the development of 6 GW of new renewable capacity to support the green hydrogen initiatives.
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