Taqa Morocco launches new subsidiary to oversee renewable projects: Taqa Morocco — a subsidiary of Abu Dhabi National Energy Company (Taqa) and Morocco’s largest private electricity producer — launched Taqa Morocco Green, a new subsidiary which will manage the company’s solar projects and produce green hydrogen, the North Africa Post reports, citing Moroccan French daily Le Desk. There is no additional information on the investment tickets, locations or timelines for the green hydrogen projects.

Taqa Morocco plans to invest USD 1.6 bn in renewable energy projects by 2030, CEO Majid Iraqui said in a press conference last March. Projects include the 96 MW Noor Midelt solar generation plant, according to Iraqui, as well as a potential 200 MW of wind energy capacity for which the company is yet to determine a suitable location.

Some projects are already in operation: Taqa Morocco has 100 MW of wind energy projects in the country’s north and 600 MW in pre-development in the south, the CEO added. It is unclear whether already signed agreements will be transferred to the newly established subsidiary.

Parent company Taqa is investing in exporting renewable energy: Taqa became the largest stakeholder in UK-based renewables developer Xlinks last month after investing GBP 25 mn in a 3.8k km subsea cable that will transport 3.6 GW of renewable energy from Morocco to the UK by 2030.