Business Emerging Markets Energy Europe Headlines International Morocco

British firms launch joint venture to tap Morocco’s hydrogen potential

British geoscience company Getech and energy transition firm Sound Energy have established a joint venture to explore Morocco’s untapped natural hydrogen and helium reserves, positioning the North African kingdom at the forefront of emerging clean energy technologies. The newly formed HyMaroc Limited will focus on discovering and developing underground deposits of these critical resources, following […]

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Morocco officially joins EV battery supply chain

Morocco has officially entered the global electric vehicle (EV) battery supply chain with the inauguration of COBCO’s lithium-ion battery material plant in Jorf Lasfar, south of Casablanca. The launch, held on June 25, marks a major milestone in the country’s industrial strategy to become a regional hub for clean mobility technologies. The COBCO plant, a […]

Energy Europe Headlines International Morocco

Xlinks explores alternatives after UK declines long-term deal for Morocco power link

The UK government has declined to enter formal negotiations for a long-term green electricity purchase agreement with Xlinks, the company behind a proposed £20 billion subsea power cable linking Morocco to the UK. The decision, confirmed earlier this month, effectively rules out a 25-year Contract for Difference (CfD) that Xlinks had sought to secure financing […]

Energy Europe International Libya

Libya signs offshore energy deal with Turkey amid escalating maritime dispute with Greece

Libya’s National Oil Corporation (NOC) has signed a Memorandum of Understanding with Turkey’s state-run energy company, TPAO, allowing for extensive geological and geophysical studies in four offshore zones within Libyan waters. The agreement includes a 2D seismic survey spanning 10,000 km, with full data analysis expected within nine months. The deal signifies deepening energy cooperation […]

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Tesla’s Morocco Office, gateway to African market, scaling up competition against Chinese EV

Tesla’s Africa expansion through its new Morocco office opens doorways for its vehicles to sell in more than 50 countries that the North African country has free-trade agreements with, said the “China Global South” news outlet. The U.S. EV giant’s Africa expansion intensifies a battle for dominance in Africa’s emerging electric vehicle market, where Chinese […]

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IAEA inspectors plan visit to Algeria amid alarming reports over radioactive waste shipments to Teheran

A team of experts from the International Atomic Energy Agency (IAEA) is expected to travel to Algeria to inspect civilian nuclear facilities and radioactive waste from the nuclear medicine amid alarming reports of secrete shipments of radioactive materials to Iran for “dirty bombs” making. The IAEA inspectors will focus on radioactive waste handling, disposal and […]

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Cobalt power play: DRC extends export ban amid global market strains

The Democratic Republic of Congo (DRC), the world’s top cobalt producer, has extended its export ban on the metal for an additional three months, intensifying its grip on a turbulent global market. The extension, announced Saturday (21 June) by the strategic minerals regulator ARECOMS, comes as prices remain depressed and cobalt stockpiles high. Originally imposed […]

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EBRD lends Morocco’s ONEE €300 Mln to support its financial & climate resilience

The European Bank for Reconstruction and Development (EBRD) provides Morocco’s Office National de l’Electricité et de l’Eau potable (ONEE) €300 million loan to strengthen the financial & climate resilience of the utility company and support its digitalization projects. The Moroccan National Office of Electricity & Drinking Water is involved in generation, transmission and renewables. The […]

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Moroccan Ynna Holding partners with Emirati AMEA Power in wind power project in Laayoune

Moroccan Ynna Holding of Chaabi group has joined efforts with Emirati Amea Power Company for the building of 100 MW wind power farm in the Moroccan Saharan Laayoune-Sakia El Hamra region. This project is part of Morocco’s national goal of generating over 52% of its electricity from renewable sources by 2030. It will also help […]

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Morocco committed to making 2030 World Cup benchmark for environmental sustainability- minister

Morocco expressed commitment to making the 2030 FIFA World Cup a global benchmark for environmental sustainability and social inclusion, head of the tournament’s organizing committee Fouzi Lekjaa said. The World Cup, to be co-hosted with Spain and Portugal, is being described as a “Green World Cup,” he told a conference at the Mohammed VI Polytechnic […]