Morroco renewable energies

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MOROCCO AND RENEWABLE ENERGY MARKET?
Why this country is unique in North Africa ??

Business Intelligence

Audrey ASSOHOUN Ines EBERENA Yasmine BERKANE Deborah MUNSI Katiéné Berté

Introduction
I/The renable energy market in morocco The current state of affairs The strategies for development II/ Investment and opportunities

SUMMARY

Investment Why this country is unique in northAfrica Futures opportunities and new perspectives
Conclusion

INTRODUCTION
Morocco has important deposits in renewables, particularly for solar and wind power in particular at the coastal areas that affect 3,500 km:
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A radiation average of 5 kWh/m2/j; Aeolian wind potential over 6000 MW small hydraulic A significant potential for hydraulic microcentrales more than 200 sites;biomass: 9 million hectares of forests

I - THE RENABLE ENERGY MARKET IN MOROCCO

The current state of affairs
The Kingdom of Morocco is perfectly positioned to become a leader in renewable energy in Africa and the Middle East. • Morocco is one of the sunniest countries on the planet • Strong winds coming off the Atlantic Ocean make Morocco an ideal location for the construction of wind farms.• 3,500 kilometers of coastline and proximity to the Canary Morocco has an urgent economic need to diversify its energy sources. • Morocco lacks fossil fuels and currently relies on fuel imports to supply 95% of its energy needs. • The cost of Morocco’s dependence on outside energy approached $1.7 in the year 2000 alone. • This dependence on fuel imports has a tremendously negative impact onMorocco’s trade deficit, Morocco has begun work on a number of projects that combine its need for energy diversification with its potential for domestic renewable energy production.

I - THE RENABLE ENERGY MARKET IN MOROCCO


The strategies for development

Renewable energy projects in Morocco are part of a coherent national strategy. • Morocco has committed itself to producing 10% of its fuelneeds through domestic renewable energy sources by 2010 • Moroccan government has focused on developing collaboration between the Center for the Development of Renewable Energies (CDER) and the National Electricity Office (ONE). • Morocco has integrated the production of renewable energy for economic and environmental purposes Morocco is acting through multilateral organizations and bilateralrelationships to further its environmental and renewable energy goals. • Morocco signed the Kyoto protocol in 2002 • Morocco is the only country from North Africa or the Middle East to have reached the top ten. • Morocco has received more than $140 million in loans and grants from the World Bank for the development of renewable energy • National Electricity Office received a €36.6 million cooperationdeal from the German government to upgrade water power stations and provide electricity in rural areas.

II – INVESTMENTS AND OPPORTUNITIES

Investment
The Moroccan government welcomes business proposals from green energy companies and is working create a friendly investment climate in the renewable energy industry


Morocco is actively promoting build-operate-transfer (BOT) and independentpower project (IPP) contracts, which seek to award long-term agreements to private sector actors. • Taking advantage of Morocco’s status under the Kyoto protocol • In 2007 the Moroccan government began the process of passing laws intended to reduce or eliminate taxes on imports of renewable energy devices, which includes a reduction from 20% to 14% in VAT on solar water heaters
• •

Inaddition to these incentives, the Moroccan market is already

an ideal location for renewable energy investment Morocco is already connected to Europe’s electric grid and operates at similar standards • The National Office of Electricity is perfectly positioned to become a leader in electricity operator in West Africa

II – INVESTMENTS AND OPPORTUNITIES

Investment
Private companies have...
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