Morocco’s National Office of Electricity and Potable Water (ONEE) has secured €300 million in financing from European institutions to modernize the country’s electrical infrastructure, marking a significant step in the kingdom’s renewable energy transition.
The funding package combines €170 million from the European Investment Bank (EIB), €130 million from Germany’s KfW development bank, and support from the European Union. This investment will modernize and extend Morocco’s national transmission network across 731 kilometers, increasing grid capacity by 1,850 Mega Volt Amperes.
The announcement came during a high-level visit to the Jbel Lahdid wind farm in Essaouira province, a 270 MW facility that exemplifies Morocco’s renewable energy ambitions. Commissioned in October 2024, this wind farm can power 1.2 million residents annually and represents the fourth project in Morocco’s integrated 1,000 MW wind energy program.
ONEE’s broader strategy involves a massive 220-billion-dirham investment plan through 2030, with 177 billion dedicated to the electricity sector. The goal is ambitious: achieve 56% renewable energy capacity by 2027 while developing 12.5 GW of additional renewable capacity.
The initiative demonstrates the strength of Morocco-EU cooperation through the Green Partnership framework established in 2022. This partnership emphasizes sustainable production and consumption patterns while supporting Morocco’s renewable energy reforms.
EIB Vice President Ioannis Tsakiris emphasized that this funding strengthens the critical link between green energy production and transmission infrastructure. The project will reduce greenhouse gas emissions by 390,000 tons of CO2 equivalent annually by 2030, while improving supply security and regional economic growth.
