Morocco pledges $30bn to renewable energy

Renewable energy MoroccoMorocco is planning to invest as much as $30bn in its renewable energy industry by 2030, its Minister of Energy, Mines and Sustainable Development Aziz Rebbah said yesterday, in the process creating ‘great opportunities’ for the national, regional, and international private sector.
Speaking at the opening ceremony of OPEC’s 11th Arab Energy Conference in Marrakech.the Minister pointed out that, while domestic demand for energy was increasing, Morocco was almost entirely dependent on imports.
The country’s overall consumption of primary energy amounted to 20.8 million tons in 2017, mainly generated from oil (55.9%) and coal (25.5%); and, although still relatively small, consumption of renewable energy – including wind, hydroelectric, and solar energy – was on the increase and had grown to 5.8% in 2017 from 2.6% five years earlier.
Morocco is also preparing to invite bids for a $4.5bn liquefied natural gas (LNG) project at Jorf Lasfar , 120 kilometers south of Casablanca, the Minister confirmed.