An Indian billionaire plans to develop his clean energy project in Morocco

The national energy strategy seems to have succeeded in attracting more and more investors and project leaders to the Kingdom. Discussions and exploratory talks are underway with India’s largest energy producer considering the development of a huge renewable energy project in Morocco.

It started after Morocco’s Ambassador to India, Mohamed Maliki visited in Ahmedabad, the Chairman of the Adani Group, Asia’s richest man, Gautam Adani. This interview thus made it possible to explore the development paths of relations between the Kingdom and this giant group in different areas.

As a result of this discussion, Bloomberg MENA reports that negotiations have opened on the implementation of a renewable energy project in Morocco aimed at providing emission-free electricity and fuel to Europe.

According to the same source, Adani’s group plans to build wind and solar power plants in the Kingdom as well as several facilities aimed at producing green hydrogen ready for export. The project will thus represent the group’s first and largest clean energy development outside India. Details were not revealed, however, it was reported that the power of the project could reach up to 10 gigawatts, which will be split and delivered in two phases comprising 5 gigawatts each. BloombergNEF data claim that this would almost equal the current installed power generation capacity in the Kingdom, which includes around 2.8 gigawatts of wind and solar power.

The main objective of the project is to supply electricity locally and to export part of it to Europe. In the same context, sources have confirmed that the Indian is currently negotiating with the Moroccan group OCP the possibility of selling hydrogen, a material that could produce carbon-free ammonia and further facilitate the production of fertilizers and fertilisers.

Adani wants to make his empire the world’s largest producer of clean energy by the end of the decade thanks to the great potential of countries in North Africa and parts of the Middle East that are increasingly identified as poles attractive for green hydrogen, for many reasons, namely the climate, the sunshine and the abundant wind, in addition to their strategic geographical position close to the main export markets, including Europe.

As a result, the Indian group will continue to invest heavily in fossil fuels and to focus on the development of the green hydrogen sector and considers this emission-free fuel as essential to enable the decarbonization of heavy industry in the world. entire.

This would represent an important step for Morocco. Indeed, this project will accelerate the objective of reaching 52% of electricity production based on renewable sources by 2030, set out by the national energy strategy.

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