Morocco Invests in Green Hydrogen, Aims for Energy Independence
Morocco is moving forward with ambitious plans to become a major producer of green hydrogen and a hub for decarbonization, recently awarding land in the disputed Western Sahara region to investors for related projects. The country’s energy strategy centers on leveraging renewable resources to achieve both economic growth and energy independence, according to recent announcements and interviews with key officials.
The Steering Committee overseeing “Morocco’s Offer” selected five international consortia, including Spanish companies Acciona and Cepsa, to develop six green hydrogen projects in the southern provinces of Morocco. These projects represent a total investment exceeding 319 billion Moroccan dirhams (approximately 30.24 billion euros). The move underscores Morocco’s commitment to renewable energy and its strategic positioning in the global energy market.
Leila Benali, Morocco’s Minister of Energy Transition and Sustainable Development, emphasized the importance of affordable energy for economic sovereignty. “The cost of energy is the key to economic sovereignty,” Benali stated. She highlighted the nation’s welcoming stance toward cooperation and alliances that benefit all parties involved in the green energy trade.
Morocco aims to produce 4% of the world’s total green hydrogen by 2030, with a significant portion earmarked for export to the European Union. This initiative aligns with growing global demand for clean energy sources and Morocco’s efforts to reduce its carbon footprint.
Zaher Badr Al Azrak, in a recent interview, noted that investing in renewable energies is increasingly becoming both an economic and geopolitical strategy. This perspective reflects a broader trend of nations recognizing the strategic importance of energy security, and sustainability.
The country’s plans extend beyond hydrogen production to include maritime decarbonization, positioning Morocco as a potential leader in sustainable shipping practices. This multifaceted approach to energy transition demonstrates a comprehensive vision for a greener future.
Benali was appointed as Minister of Energy Transition and Sustainable Development in October 2021 by King Mohammed VI. Prior to her ministerial role, she served as a member of the Special Commission on the Development Model (SCDM), which presented its recommendations in April 2021.
Benali’s background includes a doctorate in economics from Sciences Po, as well as degrees in engineering and political science. She has over 20 years of experience in the energy sector, having worked with companies such as Saudi Aramco, the World Economic Forum, and the Arab Investment Company in Petroleum (APICORP).
