First Independent Mena Newspaper
Morocco plans to create 150,000 jobs in the next decade out of energy efficiency projects, the finance ministry said in an official document. The strategy provides for including energy efficiency measures in construction, industry, transport, public lighting, agriculture and fisheries, the document showed. It also aims at reducing the energy cost by 250 billion dirhams […]
The European Union has allocated Nigeria €150 million to help the West African nation meet the challenges of climate change. According to Ketil Karlsen, the head of the EU delegation in Nigeria, the funding will be mainly used to develop renewable energy projects. The EU official also announced that another €8 million will be earmarked […]
Morocco, which imports most of its needs of energy, is steadily reducing its dependence on imports thanks to efforts spearheaded by King Mohammed VI to increase the share of renewable energy in the national energy mix to over 52% by 2030. King Mohammed VI, who supervises the national program for the development of renewable energy […]
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 […]