First Independent Mena Newspaper
The Rissana offshore zone, located in the immediate vicinity of that of Lixus, off Larache, where large gas reserves were discovered last January, has been awarded to the British company Chariot. The Africa focused transitional energy company Chariot announced this Monday February 28 that it has been formally awarded the Rissana Offshore Licence for gas […]
The outbreak of war in Ukraine has put Europe’s energy security under a new test as Germany halted the Nord Stream 2 Baltic Sea gas pipeline project with Russia, leaving few long-term gas supply options, chief among which is the Moroccan-Nigerian pipeline project. The $11 bln Nord Stream 2 pipeline was intended to double gas […]
Tunisia will benefit from the African Development Bank’s (AfDB) Leveraging Energy Access Finance Framework (LEAF) program to promote investment in decentralized renewable energy backed by the Green Climate Fund. With a commitment of $164 million, the Abidjan-based bank will help scale up decentralized renewable energy (solar home systems, green mini-grids, and solar solutions for commercial […]
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 […]