Taqa Morocco is hungry for more renewables: Taqa Morocco — a subsidiary of Abu Dhabi National Energy Company (Taqa) — plans to invest USD 1.6 bn in renewable energy projects by 2030, Moroccan news outlet SNRT News reports, citing statements by its CEO Majid Iraqui in a press conference.

An ambitious plan: Taqa Morocco wants to diversify its activities in renewable energy, green hydrogen and seawater desalination as part of its ambitious expansion strategy, Iraqui said. The plan would save up some 1k MW of additional capacity and slash carbon footprint by 25%, he added.

And an accelerated pace: The Moroccan subsidiary plans to accelerate bringing online the 96 MW Noor Midelt solar generation plant, Iraqui said. Taqa Morocco has 100 MW of wind energy projects in the country’s north and 600 MW in pre-development in the south, he added. Iraqui said his company is currently on the search for suitable areas to install a further 200 MW of wind energy capacity.

REMEMBER- Morocco has been pushing with efforts to position itself as an export hub for renewable energy and green hydrogen to Europe. Spain extended a EUR 800 mn credit line to Morocco last month and signed 19 MoUs including a renewable energy development agreement with the country during a visit by Spanish PM Pedro Sanchez. Other nations have also been showing interest in the country’s potential, with Germany signing with Morocco a partnership agreement to build a 100 MW hydrogen plant in Morocco in 2020 and another agreement signed between Morocco and Portugal in 2021 to develop green hydrogen.