Moroccos status as an African superpower and key global player in renewable energy set to continue
24 June 2016
Ashurst partner David Wadham confirmed Morocco's far reaching ambitions in the renewables sector at a panel discussion at the 18th Africa Energy Forum, the global investment meeting for Africa's power, energy, infrastructure and industrial sectors, held in London between 22-24 June.
With Morocco starting the process for a long-term structural change in the country's energy system in 2009, the strategy has now gone beyond satisfying domestic energy consumption. Turning the country into a key player in the export of electricity is a clear ambition.
David Wadham commented:
"Morocco's renewable energy strategy has made the country more visible to international investors in the energy sector. Raising its goal of generating 42% of its power from renewable sources by 2020 to 52% by 2030 will consolidate Morocco's position on the renewable market and ensure that the country remains at the forefront of the sector."
"Renewable energy has been the tool used to kick-start Morocco's energy transition. Strong political support, a clear and defined roadmap and the backing of international institutions have been critical to the process. Undoubtedly, Morocco's success story should inspire other countries in Africa."
Ashurst is at the forefront of advising on developments in the renewables sector, advising developers, operators, contractors, sponsors and lenders on wind, solar and energy from waste projects internationally. The firm advised ACWA Power, the winning bidder, on the first three phases of the Noor Ouarzazate project. The Noor Ouarzazate Solar Complex is being developed 10km north-east of the city of Ouarzazate, Morocco. When the full complex is complete, it will be the largest concentrated solar power plant in the world.
