Thursday 21 February 2019

Morocco’s smart investment potential seen at $68bn

RABAT, November 14, 2016

Morocco has $68 billion in smart investment potential from now until 2030 due to its reputation as a strong supporter of clean energy initiatives, a report said.

Morocco, Jordan and Egypt represent the three countries with the most clean energy potential, Morocco World News reported, citing a report from the International Finance Corporation (IFC) and the World Bank.

In total, the trio should expect $265 billion in new financing for environmentally designed buildings, waste treatment solutions and green transport over the next 14 years, the report said, adding that the bulk of new funds for Morocco will be for renewable energy and buildings.

“In Morocco, IFC and private partners are playing a key role in the construction of a 510 MW solar plant that will provide power to 1.1 million people,” the report said. “With the help of NDC implementation, the project, worth $2.6 billion, could help turn the North African kingdom into a renewable energy powerhouse and serve as a model for future public-private partnerships.”

Tags: Morocco | IFC |

More Energy, Oil & Gas Stories

calendarCalendar of Events