Morocco, second-largest destination for renewable energy investments in MENA

Morocco has secured its position as the second most attractive destination for foreign direct investment (FDI) in renewable energy across the Middle East and North Africa, according to two recent international reports.

The Kingdom attracted over $38.1 billion in green energy investments between 2003 and 2024, confirming its growing role in the global energy transition, according to the latest report by the Arab Investment and Export Credit Guarantee Corporation (Daman).

The report highlights Morocco’s strong appeal to international investors, driven by its ambitious energy strategy and stable regulatory framework.

These investments financed 55 projects led by 32 companies, creating 12,267 jobs, or 15% of employment generated in the sector regionally.

Morocco’s leadership is particularly evident in wind energy, where it accounts for 42% of Arab production, supported by flagship projects such as the Noor solar complex in Ouarzazate and wind farms in Tarfaya and Midelt.

The Kingdom’s national strategy aims to raise renewables to over 52% of the electricity mix by 2030, a target that continues to attract global capital. In 2025, Morocco’s electricity output is projected at 43.1 TWh, with renewables contributing nearly one-third of the mix.

Morocco also plays a growing role in regional energy trade. In 2024, it ranked among the top five Arab countries for electricity equipment exports and imports, confirming its integration into regional energy value chains.