Close Menu
    What's Hot

    Telematics and Fleet Management Firm POZI Raises €650k in Landmark Deal

    October 15, 2025

    REasy Raises $1.8m Pre-Seed to Streamline Cross-Border Payments for African SMEs

    October 13, 2025

    South Africa’s Mining Sector on the Rise Though Structural Issues Remain

    October 10, 2025
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      Bad Roads Stifle Intra-African Trade – Air Connections Can Close the Gap

      September 10, 2025

      India Exim $40mn Credit Line for West African Development

      August 27, 2025

      DP World, Itochu to Boost Africa Logistics

      August 22, 2025
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      REasy Raises $1.8m Pre-Seed to Streamline Cross-Border Payments for African SMEs

      October 13, 2025

      Ethiopia Sets AfCFTA Launch; Togo Updates Strategy to Maximize Gains

      October 8, 2025

      Afreximbank & ITC Renew, Expand MoU to Boost Intra-African Trade

      October 6, 2025
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      India Exim $40mn Credit Line for West African Development

      Finance Infrastructure August 27, 2025
      Recent

      India Exim $40mn Credit Line for West African Development

      August 27, 2025

      AfDB Anchors $500M Financing for Ethiopia’s “Mega-Airport”

      August 13, 2025

      DP World and Nedbank Elevate Trade Finance in Africa

      September 18, 2024
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Power

    Morocco targets renewables as UAE companies invest

    May 10, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Wetility
    South African energy startup Wetility (site) has secured ZAR500 million (US$27.8 million) in a structured capital partnership with Jaltech.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Morocco seeks to double its renewable energy capacity as UAE companies invest in the Kingdom.

    The Kingdom of Morocco is aiming to increase its renewable energy output to 12 gigawatts by 2030, according to government sources. The announcement was made at the World Utilities Congress in Abu Dhabi.

    The Kingdom’s aim is for renewables to account for 52% of total energy production by 2030. Renewables currently provide for 40% of the country’s energy production.

    “There is a big investment today to develop [renewable energy projects] in different regions of the country,” said Said Mouline, director general of the Moroccan Agency for Energy Efficiency. “We have one of the most competitive wind and solar resources, that’s why we reached a very low price with renewables, less than 3 cents per kilowatt hour for wind and between 2 and 3 cents for solar PV.”

    Officials estimated that in order to achieve the country’s goal, investments in the renewable sector would reach “billions of dollars”. “The last tender for a wind project, we had 19 groups from all over the world,” said Mouline. “At the end, we had three companies, we do infrastructure and they are doing investment.”

    Morocco currently imports over 90% of its electricity.

    UAE investment

    The Kingdom has attracted investment from UAE companies, including Masdar. The company is one member of an international consortium that recently won a tender to build an 800-megawatt solar power plant in Noor Midelt. The deal was signed alongside France’s EDF Renewables and Green of Africa.

    Masdar, in partnership with the National Office of Electricity and Drinking Water has also developed the Solar Home System Project that provides power to approximately 20,000 homes in 1,000 towns in Morocco.

    Dubai’s AMEA Power also recently won a contract to build a further two solar plants. AMEA won the contract following an international tender held by the Moroccan Agency for Sustainable Energy (Masen) and the Ministry of Energy Transition and Sustainable Development.

    Morocco and the UAE recently held a series of meetings with the aim of fostering increased trade and investment between the two nations.

    A regional trend

    Morocco was one of the first MENA region countries to embrace renewables, particularly solar, power but many regional states are moving toward renewable energy. Abu Dhabi is building the world’s largest solar power plant in Al Dhafra while Dubai’s Mohammed bin Rashid Solar Park is expected to generate 5,000MW of electricity by 2030. The projects are part of the UAE’s goal to become carbon neutral by 2050.

    AMEA Power Masdar morocco renewable energy renewables solar power UAE
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleCashew receives USD 10 million investment from Mashreq, targets Egypt
    Next Article ATM 2022: Zimbabwe as a tourist destination for travel from the Gulf

    Related Posts

    Agri-Business

    Kadara Agric Backs Smart, Sustainable Farming in Nigeria

    October 3, 2025
    Agri-Business

    Kenya’s SunCulture Secures $5m to Expand Solar Irrigation

    September 24, 2025
    Business Business & Trade

    Rafiki – A ‘Work-and-Payments OS’ for Cross-Border Subcontracting

    September 12, 2025
    View 4 Comments

    4 Comments

    1. Pingback: Renewable energy: Egypt continues drive with green ammonia deal

    2. Pingback: Renewables: UAE-Egypt consortium to buy Lekela for near USD 1 billion

    3. Pingback: Morocco to host UAE delegation in efforts to bolster economic cooperation

    4. Pingback: Choiseul Africa Business Forum gathers regional leaders in Morocco

    Leave A Reply Cancel Reply

    LATEST STORIES

    Telematics and Fleet Management Firm POZI Raises €650k in Landmark Deal

    October 15, 2025

    REasy Raises $1.8m Pre-Seed to Streamline Cross-Border Payments for African SMEs

    October 13, 2025

    South Africa’s Mining Sector on the Rise Though Structural Issues Remain

    October 10, 2025

    Ethiopia Sets AfCFTA Launch; Togo Updates Strategy to Maximize Gains

    October 8, 2025

    Afreximbank & ITC Renew, Expand MoU to Boost Intra-African Trade

    October 6, 2025
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.