In the coming years, Morocco aims to annually invest nearly 10 billion Moroccan dirhams ($1 billion) to increase the proportion of renewable sources in its energy mix and reduce dependency on power imports.
Hespress, citing a government report, said Morocco produced nearly 4 gigawatts (GW) from renewable energy sources in 2023, and it aims to add 800-1,000 megawatts (MW) annually in the next year to attain the targeted share.
The paper quoted the report as saying Morocco aims to expand that share to 52 percent in 2030 and nearly 80 percent in 2050.
The investments will enable Morocco to significantly decrease its annual energy import bill, estimated at MAD150 billion ($15 billion), according to the report.
