Economy
Morocco signs renewables agreement with Desertec Foundation
The Moroccan Agency for the Development of Renewable Energy and Energy Efficiency (ADEREE) has signed a memorandum of understanding with the Desertec Foundation, in order to collaborate on renewable energy and energy efficiency.
Morocco was the first country to host a project under the Desertec initiative – a $400 billion German-led renewable energy network – in November last year. The agreement, Desertec says, will “consolidate the partnership between [the] two institutions”.
Construction began on a 500 megawatt solar project in Morocco at the beginning of this year, with other North African nations including Algeria signing up since then.
Desertec’s vision is to install a massive network of solar farms across deserts in the Middle East and North Africa. It plans to provide 15% of Europe’s energy by 2050.
Morocco’s location on the northern coast of Africa, where it partially houses the vast Sahara – which covers 9m square kilometres across 12 countries – makes it an ideal place to install renewable energy capacity.
And its government has realised this, predicting that by 2020, renewables will provide 42% of energy production capacity.
“Morocco is a not just a visionary in the region but also a successful pioneer in the global transition to renewables, where ADEREE plays a key role”, said Dr Thiemo Gropp, director of the Desertec.
“We are very happy to support their work in this context.”
Further reading:
The desert: where the sun always, always shines
- Business10 months ago
How to Become an Environmentally Conscious Entrepreneur in 2024
- Features4 months ago
3 Ways an Outdoor Kitchen Can Make Your Home Eco-Friendly
- Features11 months ago
What Eco-Friendly Investors Should Know About Trading Silver
- Invest11 months ago
Should Eco-Friendly Investors Support Biotechnology Companies?