The drop in the price of oil since mid-2014 has had a significant impact on Saudi Arabia, which relies on the stuff for the vast bulk of state revenues – 73% by some estimates – and for around 40% of its GDP. While global demand remains high, the increasing supply of oil on the international market, much of it coming from Russia, US shale oil and Iran, has continued to push prices down. The...
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2016 witnessed the launch of the Kingdom’s historic Vision 2030 and the accompanying National Transformation Programme, both of which call for a major overhaul of the state’s economic apparatus and envision a more open market framework and more dynamic, private sector-led growth moving ahead.
Articles & Analysis | Major projects put Morocco on the map for wind energy from The Report: Morocco 2016
With an installed capacity of approximately 800 MW in 2015, Morocco represents the third-largest African market for wind energy behind South Africa (1053 MW) and Egypt (810 MW). As part of Morocco’s ambition to attain 42% of its electricity needs from renewable energy sources by 2020, in recent years authorities have accelerated the...
Articles & Analysis | A government plan to boost solar power in Morocco makes great strides from The Report: Morocco 2016
In 2009 Morocco launched its solar plan as part of its ambitions to generate 42% of its energy from renewables by 2020, with 14% coming from solar. The first outcome of this plan was the completion of Noor I, the world’s largest solar energy project, in Ouarzazate in February 2016. Authorities are now looking to build on this success and...
Interviews & Viewpoints | Isabelle Kocher, CEO, Engie: Interview from The Report: Morocco 2016
Articles & Analysis | Renewable projects reshape energy landscape in Morocco from The Report: Morocco 2016
In recent years, Morocco has been working to reduce its energy dependency via the implementation of renewable energy projects and the rollout of an ambitious oil and gas exploration programme. Morocco, which has experienced a steady increase in energy consumption of about 5-6% every year over the past 25 years, is expected to see its demand...