Masdar looking at renewables projects in Morocco
Framework agreement signed for green energy cooperation
Morocco’s Ministry of Energy, Mines, Water and Environment has signed a framework agreement with Abu Dhabi’s Masdar to cooperate on renewable energy development. The agreement, signed during last week’s World Future Energy Summit, will see Masdar work closely with Morocco, as it seeks to hit its target of 42% of total power capacity coming from renewable sources by 2020.
“Morocco is an ambitious supporter of the adoption of renewable energy projects. By capitalising on its abundant solar and wind energy resources, Morocco is establishing a strong renewable energy industry that will drive economic development and diversify its energy portfolio. We look forward to contributing to the development of Morocco’s renewable energy industry,” said Masdar CEO, Dr Sultan Ahmed Al Jaber.
Morocco’s Minister of Energy, Mines, Water and Environment, Fouad Douiri, said of the agreement: “With tremendous wind and solar resources, Morocco has already strong and concrete achievements in solar and wind capacity, thanks to its experienced local skills and within an attractive legal and regulatory framework. As a country focused on the development of its renewable energy, we see major benefits in building a valuable cooperation with renewable energy players, in particular with the industry.
“Masdar’s portfolio of regional and international projects, combined with their experience in renewable energy project development and research and development activities, makes it a partner of excellence in renewable energy cooperation,” he added.