In this edition of RECAI, we look at the ambitious plans for energy transition in three of these smaller economies.
Morocco (Normalized ranking: 1, RECAI ranking: 19)
Morocco has ambitious targets to generate 52% of its energy from renewables by 2030 and 80% by 2050.2 While it fell just short of its interim target in 2020, the market is now on track to meet its 2030 goal.
Boasting 3,000 hours of sunshine a year, Morocco is an ideal setting for solar power,3 while topographical features such as the Atlas Mountains offer pumped storage hydropower, allowing flexibility to be built into the power system. Policy support has also been strong, with the market reaching the lowest renewable prices in the world at less than three US cents per kilowatt-hour in the wind sector.
Looking to the future, Morocco is seeking to build a green hydrogen sector. It is counting on foreign direct investment through the Moroccan Agency for Sustainable Energy’s institutional framework to bring together permit processes, land acquisition and financing, and, potentially, provide a…
