First Independent Mena Newspaper
Morocco a major oil and gas importer in the MENA region has tapped into its renewable energy potential combined with the adoption of a program to boost energy efficiency to address increasing demand on electricity. The country is already leading the way in the MENA region and Africa by working to exceed the 52% renewable […]
British-based solar energy provider BBOXX has completed a significant funding round of approximately $6m, which will accelerate the company’s vision of improving access to energy across Africa and the developing world. Sources close to BBOXX reveal that in Europe, 4,400 single investors took part in the crowdfunding, investing an average of €500-€600. BBOXX’s goal is […]
A report published by Fitch Solutions has indicated that due to the prevalence of off-grid remote mineral deposits in Sub-Saharan Africa, mining companies operating in the region should invest in renewable energy. “Off-grid mines could benefit from reducing mining companies’ dependency on diesel while taking advantage of the favorable climate conditions in the area,” Fitch […]
The Private Swedish company Azelio, which specializes in Sterling-based energy solutions, announced that together with its strategic partner, Morocco’s Agency for Sustainable Energy, Masen, it will build in Morocco a full-scale verification project by the end of the year. Part of its global expansion, the company said it is opening an office in Morocco to […]
Moroccan leading independent power producer Nareva and Enel Green Power (EGP), a leader in renewable energy, have signed all financing agreements for the construction in Midelt of the first of the wind farms included in the 850 MW integrated project. The construction of Midelt wind farm, whose capacity amounts to 180 MW, is expected to […]
The International Finance Corporation, a member of the World Bank Group, has teamed with Gaia Energy, a Moroccan renewable energy developer, to set up a joint platform for the development of wind power and other renewable energy projects in Africa. Gaia Energy is active in 10 countries across Africa. The new joint platform will start […]
The abundance of sun and wind is increasingly attracting foreign firms to invest in Morocco’s south, the Sahara, as the government set the target of generating 50% of its energy mix out of renewable sources. The recent announcement by Soluna, a New York-based computing company backed by Brookstone Partners, to build a wind-powered center in […]
Leading Saudi electricity producer and desalter, Acwa power, officially switched on a 120 MW wind farm in northern Morocco as it continues to diversify its portfolio in the north African country. The 1.8 billion dirham investment is the first wind farm to be launched by Acwa power, a group that operates in 10 countries notably […]
The USA-Morocco Strategic Energy Working Group has convened its 2nd meeting in Washington to look into ways of boosting cooperation between the two countries in the field of energy. The gathering was hosted by the US Department of State Thursday (April 19). Deputy Assistant Secretary of State for Energy Diplomacy Sandra Oudkirk and Director General […]
Morocco, which imports most of its energy needs, is planning to build a $4.6 billion natural gas plant, part of its strategy to enhance its energy mix and autonomy. This project has been announced by the Moroccan Energy Minister Aziz Rabbah in Abu Dhabi, on the sidelines of his participation in the 8th session of […]