Taqa Morocco, which is owned by the Abu Dhabi National Energy Company (Taqa), is planning to invest nearly $1.6 billion in renewable energy projects in the North African Arab country, the local press reported on Wednesday.
The projects are part of a strategy to increase the share of renewable in the country’s energy mix, boost power production to face growing domestic demand and also set up sea water desalination facilities, the papers said, quoting Abdul Majeed Eraqi , Chairman of Taqa Morocco.
Speaking at an energy seminar in Casablanca on Tuesday, Eraqi said the strategy which stretches until 2030 involves the construction of new solar plants in Morocco.
“Some projects are already under construction in various parts of the country…we are also exploring the possibility of building a 200 megawatt (MW) solar plant…total investment in these projects is estimated at around $1.6 billion,” Eraqi said in his comments published by Hespess and other Moroccan newspapers.
(Writing by Nadim Kawach; Editing by Anoop Menon)