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HomeAfricaMorocco Greenlights .5 Billion in Groundbreaking Green Hydrogen Ventures!

Morocco Greenlights .5 Billion in Groundbreaking Green Hydrogen Ventures!

Morocco Greenlights .5 Billion in Groundbreaking Green Hydrogen Ventures!

In an exciting stride towards a sustainable future, Morocco has given the green light to an ambitious array of green hydrogen projects that will reportedly create industrial outputs valued at 319 billion dirhams (approximately .5 billion). This forward-thinking move comes from a recent meeting of a Moroccan government committee, and it underscores the country’s commitment to renewable energy and sustainable development.

The committee has selected a list of notable international partners, including Ortus from the United States, Acciona from Spain, and Germany’s Nordex, to lead the production of green ammonia—a crucial component in various industrial processes. This endeavor not only aims to meet domestic energy needs but also positions Morocco as a potential exporter to the European Union, which has set an aggressive goal to import ten million tons of renewable hydrogen by 2030 as part of its Green Deal to combat climate change.

Additionally, partnerships with UAE’s Taqa and Spain’s Cepsa are set to produce ammonia and other fuels, while Moroccan energy company Nareva is also in the mix, focusing on ammonia, fuel, and steel production. Saudi Arabia’s Acwa Power will join the effort to manufacture steel, and Chinese firms—UEG and China Three Gorges—are poised to contribute to the ammonia production segment.

Morocco is providing a robust framework for these projects, offering up to 30,000 hectares of land to developers upon signing preliminary agreements. This allocation is part of a broader strategy established last year, targeting an expansive 300,000 hectares for integrated projects that encompass everything from renewable energy generation to the electrolysis processes essential for creating green hydrogen.

Major companies are taking note of Morocco’s dedication to renewables. In October, France’s TotalEnergies struck a deal with the Moroccan government to develop green hydrogen initiatives, while Engie has partnered with Moroccan phosphates and fertilizer leader OCP to produce ammonia from green hydrogen. These alliances reinforce Morocco’s ambition to have renewable energy contribute to 52% of its installed capacity by 2030, up from the current 45%.

As Morocco progresses in its sustainable energy journey, the world is watching. The shift towards green hydrogen could not only revolutionize the country’s energy landscape but also serve as a model for other nations aiming to embrace renewable technologies.

Stay updated on this and other developments in the region and beyond. #WorldNews #Politics #Environment #BusinessNews #Tourism #SustainableDevelopment