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FINANCIAL NEWS
Morocco eyes 40% renewable energy reliance by 2020
15 Jul 2012
(MENAFN) Morocco is set to implement a plan to produce up to 6 gigawatts of renewable energy or 40 percent of its energy needs by 2020, along with a variety of technologies, including wind, solar, biomass, hydro and other technologies, Saudi Gazette cited Said Mouline, director of Morocco’s Agency of Development for Renewable Energies and Energy Efficiency (ADEREE).
The country seeks to cut its dependency on hydrocarbon imports which currently account for 90 percent of its energy.
Morocco will soon name the winner of a 160 megawatt concentrated solar power project, which will sign a power purchase agreement with the Moroccan Agency for Solar Energy (MASEN), Mouline said.
The 160-megawatt project is part of the larger, 500 megawatt Concentrated Solar Power (CSP) Ouarzazate site, Mouline added.
He also said that plans to install two gigawatts of wind are already underway, adding that the North African country already has 300 megawatts of wind turbines installed, Mouline added.
He also unveiled plans to generate power from hydro turbines to increase and diversify the country’s renewable power portfolio.
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