Energy: Morocco,52% of needs satisfied by renewables by 2030

Minister Amara, investment opportunities for Italian companies

15 December, 14:44

    (ANSAmed) - ROME, DECEMBER 14 - Morocco is aiming to satisfy 52% of its energy needs with renewables by 2030, in particular with solar and wind energy and opportunities for Italian companies are manifold.

    In particular, solar and wind energy offer many opportunities to Italian companies, stressed Moroccan Energy Minister, Abdelkader Amara, in Rome to attend the conference on the Mediterranean.

    Reduced production costs and competitive prices in a true integrated regional market could benefit Countries belonging to the Northern flank, among which Italy, remarked Amara.

    Investments in the Reign are not to be discounted. "Italian companies - he stressed - can position themselves very well in Morocco, which is a transparent market in need of Italian technology and know how". In order to reach "our objective by 2030 - he added - between 2016 and 2030, we will need to produce 11 thousand megawatt more through renewables, in particular with solar and photovoltaic thanks to an additional investment of 30 billion dollars". There is also another project the government is working on, Amara revealed, one in the field of liquified natural gas.

    "We expect additional investments for 4.5 billion dollars".

    In this sector as well - he concluded - opportunities for Italian enterprises are in the cards. (ANSAmed).

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