First Independent Mena Newspaper
The European Bank for Reconstruction and Development has approved loans totaling €50 million to two Moroccan banks, namely “Crédit du Maroc” and “Société Générale Maroc” (SGMB), destined to boost Morocco’s green transition. The loan agreements were signed at the EU-Africa Business Forum in Brussels, co-organized by the European Commission, the African Union Commission, and African […]
Morocco and Finland have signed an agreement meant to foster their cooperation in the energy sector. The document was signed during a virtual meeting between the Minister of Energy Transition and Sustainable Development, Leïla Benali, and the Finnish Minister of Economy, Mika Lintilä, represented in Rabat by the Finnish Ambassador to Morocco, Pekka Hyvönen. The […]
The European Union will invest €1.6 billion in Morocco to promote the green and digital transition. This investment is part of the new European strategy, called Global Gateway, launched last December. The European Union will invest €1.6 billion (more than 17 billion dirhams) in Morocco. The announcement was made this Wednesday, February 9, 2022, by […]
Moroccan energy minister Leila Benali has confirmed news reported last year that the country will reverse the flow of a pipeline that used to channel Algerian gas to Spain via Morocco. Benali told Bloomberg that Morocco has invited LNG operators in Spain to bid for contracts that could last five years with the aim of […]
British energy start-up Xlinks has tendered for a geophysical and geotechnical study on the route to be taken by a 3,800 Km-long undersea electricity cable connecting Morocco to the UK. The undersea cable will be the longest of its kind and is intended to cross offshore Morocco, Portugal, Spain and France before reaching the UK. […]
The European Bank for Reconstruction and Development’s (EBRD) injected €211 million in 10 projects carried out in Morocco in 2021. More than half of the total investment funded green projects. Through its Green Economy Financing Facility (GEFF) and the Green Value Chain Program, the EBRD provided a total of €88 million to partnering banks to […]
Morocco’s leadership in the fight against climate change and the promotion of renewable energies was hailed on Wednesday by the Secretary General of the World Meteorological Organization (WMO), Peter Taalas. the Secretary General of the WMO notably highlighted, during a meeting with the Arab Group in Geneva, the launch by the Kingdom of the largest […]
Greenland Technologies Holding Corporation, a Chinese group that develops and manufactures 100% electric industrial vehicles has signed a distribution agreement with Morocco, its first platform in Africa. The Chinese technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles announced over the weekend it has signed a new […]
Morocco was cited as one of the four countries in the world with a significant potential to become exporters of green hydrogen, the international renewable energy agency IRENA said. Morocco has already announced a national plan to increase the share of renewable energy in overall energy consumption with a potential to supply 4% of global […]
UK company Chariot Oil and Gas will start pumping gas from offshore Larache in the Atlantic to Moroccan clients in 2024, head of Morocco’s hydrocarbons office Amina Benkhadra said. Chariot had announced few days ago a major gas discovery offshore the northern Moroccan city of Larache, following appraisal and exploration drillings carried out at the […]