Morocco is doubling down on its renewable energy targets:
The North African country raised its renewable energy target from 42 per cent by 2020 to 52 per cent by 2030. That 42 per cent will consist of 2 gigawatts each of solar, wind and hydropower.
“Between now and [the next conference], many projects will have come to light and we will prove that we can match our energy demands with renew- ables,” Abdelkader Amara said at the Re-energise the Future event in Paris on Sunday.
Morocco’s limited hydrocarbon resources has pushed it to be a front-runner in the renewable energy race.
The UK-based Oxford Business Group said that the country provided a “relatively stable haven” for private investment, but the renewable energy sector’s development will depend on further regulation.
Five years ago Morocco initiated its renewable energy law, which gave the opportunity for the development of private power production, allowing investors to construct renewable energy projects and sell the electricity directly to customers…[FULL STORY]