Morocco's Ambitious Plans for Green Hydrogen: An Overview of Investments and Partnerships
Key Ideas
- Morocco aims to become a key player in green hydrogen production, with plans to produce 4% of the world's total green hydrogen by 2030, focusing on export to the EU.
- The country's assets such as geostrategic position, expertise in attracting investments, well-developed logistics infrastructure, and renewable energy potential position it favorably in the green hydrogen sector.
- The 'Morocco Offer' includes a comprehensive approach covering the entire value chain, with one million hectares of land identified for investors and a detailed selection process in place.
- Spanish companies like Acciona and Cepsa are part of the consortia selected for green hydrogen projects in Morocco, showcasing international collaboration and investment in the sector.
Morocco's Steering Committee for 'Morocco's Offer' in green hydrogen, led by Aziz Akhannouch, has selected five international consortia to develop six green hydrogen projects in the country's southern provinces, with a substantial investment of over 30.24 billion euros. The aim is for Morocco to produce 4% of global green hydrogen by 2030, focusing on exporting to the EU. The country's strategic assets, such as its geostrategic position, expertise in attracting investments, well-developed logistics infrastructure, renewable energy potential, and advanced industrial fabric, position it as a key player in the green hydrogen sector. The 'Morocco Offer' encompasses the entire value chain of green hydrogen, with a clear vision for investors and one million hectares of land identified for development. The selection process for investors includes assessments of credibility, financial strength, and technical capabilities. Spain's involvement, through companies like Acciona and Cepsa, highlights international collaboration and investment in Morocco's green hydrogen projects. Morocco's commitment to renewable energy is showcased by its target to exceed 52% renewable energy in its electricity mix by 2030 and its investment plan for additional capacity from renewable sources. The country is working towards tripling investments in renewable energies and significantly strengthening the electricity grid by 2030, aiming to boost investments in green energy and infrastructure development.
Topics
Projects
Renewable Energy
Infrastructure
International Cooperation
Logistics
Investments
Industrial Development
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