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Wednesday, 4 October 2023

Poland’s Green Capital Group eyes 8 GW green hydrogen project in Morocco

Another day, another green hydrogen project: Polish clean energy company Green Capital Group plans to set up an 8 GW green hydrogen project in southern Morocco’s Dakla in the next five years, Houssam Abou Otmane, the director of the company’s Moroccan subsidiary Houssam Abou Otmane told Moroccan outlet Le360.

Already getting things set: Green Capital Group has already identified the project’s location and is in the process of finalizing the necessary allocations for the project, Abou Otmane said.

And more: Green Capital is also seeking solar PV and wind power projects in Morocco, targeting Tangier, the Oriental region, and Marrakech-Safi, Taza, Fes, and Laayoune. “Green Capital is in the process of finalizing the feasibility studies on the ground in these different areas, before beginning the acquisition process and making authorization requests from the Ministry of Energy Transition. We plan to carry out these projects over the next five years,” he said.

REMEMBER- Morocco has been pushing ahead with efforts to position itself as a hub for renewable energy due to its major solar and wind resources. Renewables should account for 50-52% of Morocco’s energy mix by 2030, up from a current 38%, Moroccan Prime Minister Aziz Akhannouch said earlier this year. Its wind and solar resources have the potential to make the North African country one of the providers of the cheapest renewables in the world, Akhannouch said, and can be used to fuel the country’s green hydrogen ambitions.

And spending big: Morocco said in August that it plans to pour USD bns in new green hydrogen and ammonia projects as demand gains steam. Some 93% of the MAD 591 bn (c. USD 57.2 bn) of the 454 planned projects will focus on these sectors, according to the Moroccan Economy and Finance Ministry.

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