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Morocco will have invested $40B in energy projects by 2030

10/8/2017

 By the year 2030, Morocco will have invested $40 billion in projects aiming to develop the energy sector, reports ESI-Africa.

This investment reflects the country’s ambitious strategy to derive 50% of its energy needs from renewable sources by the same year, according to The North Africa Post.

“The Kingdom has succeeded, through an ambitious strategy, to turn its challenges into genuine investment opportunities, through its commitment to projects aimed at developing the energy sector by 2030, 75% of which are devoted to renewable energies,” Moroccan Minister of Energy, Aziz Rabbah, said.

Source: ESI-Africa