Spain's Leading Role in Morocco's Green Hydrogen Initiative
Key Ideas
- Five international consortia selected to develop six green hydrogen projects in Morocco, with joint investment of 319 billion dirhams.
- Spain's Acciona and Moeve are part of the consortia, highlighting Spain's advanced position in green hydrogen.
- Morocco aims to reach 52% renewable energy capacity by 2030, with the projects set to boost the economy of the southern provinces.
- Initiative 'Morocco's Offer' includes tax incentives, infrastructure development, and investor selection processes to attract investment.
Five international consortia have been chosen by the Moroccan government to develop six green hydrogen projects in the southern provinces, including Western Sahara, with a total investment of 319 billion dirhams. Spanish companies like Acciona and Moeve are part of these consortia, showcasing Spain's expertise in the green hydrogen sector. The 'Morocco's Offer' initiative, activated by the Circular of the Head of Government, aims to allocate one million hectares for production, develop critical infrastructure, and provide tax incentives to attract investments. Morocco's goal is to achieve 52% renewable energy capacity by 2030, with these projects expected to drive economic growth in the region. The collaboration between Spain and Morocco in green hydrogen presents opportunities for trade, investment, and industry development, with a focus on aligning with sustainable and economic objectives.
Topics
Projects
Renewable Energy
Infrastructure
Investment
Economic Development
Industry Growth
International Collaboration
Trade Relations
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