Energy, Oil & Gas

Saudi Arabia, Morocco to cooperate on renewable energy projects

RIYADH
Saudi Arabia, Morocco to cooperate on renewable energy projects
The ministers exchange papers. Image courtesy: SPA

Saudi Arabia and Morocco have signed an executive programme for cooperation on renewable energy, including enabling national companies to implement such projects in both countries.

The signing was done following a meeting between Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz Al Saud and Morocco's Minister of Energy Transition and Sustainable Development Dr Leila Benali.

The programme comes under the memorandum of understanding on energy cooperation signed between the governments of Saudi Arabia and Morocco in May 2022, said a Saudi Press Agency report.

The executive programme aims to strengthen the bilateral partnership and expand mutual investment, supporting cooperation on renewable energy projects in both countries and in third markets. It also promotes cooperation between the two countries’ national companies across renewable power generation, energy storage, grid integration, electricity transmission, and grid development.

The programme further covers the integration of renewable energy into development and infrastructure projects, the delivery of projects developed and operated using renewable energy, and the establishment of research and training centres to advance renewable energy technologies, capacity-building, and knowledge transfer.

Related posts