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News: 134
August 29 2016 at 16:27

Morocco sets target for 50 per cent renewable energy by 2030

by Cop22 Marrakech

PARIS // Morocco, which will host the next climate change conference in November next year, plans to derive more than half of its energy from renewable sources by 2030, the country’s energy minister said.

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 renewables,” 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.

The Moroccan Agency for Solar Energy was also established at that time with a mandate to implement the Moroccan Solar Plan that would invest €7.7 billion (Dh30.61bn) in several solar projects.

This has given companies such as Saudi Arabia’s Acwa Power a boost. Acwa is involved in Morocco’s solar sector for three phases of the Noor concentrated solar power (CSP) project totalling 510 megawatts with another 160MW for the Ouarzazate CSP park.

International financial institutions are also climbing on board for Moroccan renewables.

Last month, the European Bank for Reconstruction and Development announced it would finance its first private renewables project in the country.

The bank, in collaboration with Banque Marocaine du Commerce Exterieur and the Clean Technology Fund, will provide €126 million for the construction, operation and maintenance of the 120MW Khalladi wind farm near Tangiers.

Mr Amara said that while some countries wanted to take their time incorporating renewable energy, Morocco wanted to accelerate its green economy.

“Renewable energy needs to be embedded in our economies and it needs to be regulated within the framework of market economies without the need for subsidies,” he said.

Full text: http://www.thenational.ae/business/energy/morocco-sets-target-for-50-per-cent-renewable-energy-by-2030?utm_content=buffer19421&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

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The 22nd session of the Conference of the Parties (COP 22) to the UNFCCC is expected to take place in from 7-18 November 2016. Morocco has offered to host this COP.

Dates: 7-18 November 2016
Location: Marrakesh, Marrakech, Morocco
Official Cop22: http://www.cop22.ma
Contact: UNFCCC Secretariat
Phone: +49-228 815-1000
Fax: +49-228-815-1999
E-mail: secretariat@unfccc.int
Organizational chart
Abdelâdim Lhafi (Commissaire) Aziz Mekouar (ambassadeur pour la négociation multilatérale)
Nizar Baraka (président du comité scientifique) Hakima Haité, (envoyée spéciale pour la mobilisation)
Driss El Yazami (responsable du pôle de la société civile) Faouzi Lekjaa (responsable du pôle financier)
Samira Sitaïl (responsable du pôle de la communication) Abdeslam Bikrate (responsable du pôle de la logistique et de la sécurité)
Said Mouline (responsable du pôle partenariat public/privé) Mohammed Benyahia (responsable du pôle événements parallèles ''side events'')