Morocco's Energy Reform Boosts Position as Vital Energy Corridor Linking Continents
Key Ideas
  • Morocco's energy sector has significantly progressed under the energy strategy initiated by King Mohammed VI in 2009, positioning it as a mature player globally.
  • The transformation of ANRE to include segments like natural gas and green hydrogen aims to attract triple or quintuple investments, fostering economic and social development.
  • The reform aligns with a new development model, emphasizing the need for a robust regulator to facilitate transparent entry of investments and drive growth in electricity, gas, and hydrogen networks.
  • The reforms will enhance Morocco's unique role as the primary energy corridor connecting Africa, Europe, and the Atlantic basin, emphasizing the importance of increased investments in green energy.
Morocco's Minister of Energy Transition and Sustainable Development, Leila Benali, highlighted the country's significant progress in the energy sector since the launch of the energy strategy by King Mohammed VI in 2009. The sector has matured to a level comparable to other countries globally. The transformation of the National Electricity Regulatory Authority (ANRE) as per High Royal Directives aims to expand its role to cover segments like natural gas, green hydrogen, transportation, distribution, production, and storage. This shift is expected to attract a substantial increase in investments, particularly in electricity, gas, and hydrogen networks, driving overall sector growth and development. The reforms also emphasize the necessity of a strong and independent regulator to facilitate transparent investment entry. Morocco's position as a crucial energy corridor between Africa, Europe, and the Atlantic basin is set to be enhanced through these reforms, emphasizing the importance of additional investments in green energy to support this role.
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