Morocco Energy

To reduce dependency on international markets as well as emissions from energy production, Morocco has established a plan to make renewable sources a central part of its energy mix. By 2020, just under half of the country’s power is expected to be generated from renewable energy. There is a strong focus on developing wind and solar, which are...

Although exploration activity in Morocco’s offshore basin has thus far not produced commercial discoveries, a number of oil players have increased their presence in recent times. According to the country’s national oil company, the Office National des Hydrocarbures et des Mines (ONHYM), a total of 27 wells are planned for 2014, of which at...

Since the announcement of the 2020 Energy Strategy five years ago, followed by the introduction of the 2010 Renewable Energy Law, Morocco has seen a significant increase in interest in clean energy, with the biggest developments in solar and wind, both of which are planned to contribute 14% each (or 2000 MW) to the country’s installed capacity...

As a net importer of energy, Morocco is faced with the challenging proposition of satisfying rising local demand while keeping its import bill in check. This has proven problematic as consumption figures and global commodity prices have risen, putting particular pressure on the government’s balance sheet, which has for the better part of two decades help fund generous fuel...

Powering economic expansion has always been a tricky balancing act for Morocco, which unlike neighbouring Algeria and Libya does not have extensive deposits of oil and gas from which to draw upon. As a rapidly growing country with only modest energy resources, Morocco’s dependence on external energy sources continued to increase over 2012, with the...

With the government expected to pass a new set of laws in 2013 that will replace the current 62-year-old mining code, Morocco is making a bid to spur new investments throughout the North African kingdom’s currently under-exploited mining sector.