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windfair.net

02/08/2022

Morocco: 80% renewable energy by 2050

Morocco currently aims to increase the share of renewables in its total power capacity to 52% by 2030 - and the country is well on track to achieve its 2030 renewable capacity target and will thus reduce its reliance on thermal sources such as coal and oil.

Morocco has ambitous renewable energy targets. The county in northern Africa currently aims to increase the share of renewables in its total power capacity to 52% by 2030, 70% by 2040 and 80% by 2050. Morocco’s new targets are against a backdrop of the progress achieved in the expansion of both wind and solar during the initial phase of energy transition, according to GlobalData.

“Morocco plans to achieve its 2030, 2040, and 2050 renewable energy targets through technological evolution in energy storage, green hydrogen, and decreasing renewable energy costs. The country is currently on track to achieve its 2030 renewable capacity target and will reduce its reliance on thermal sources such as coal and oil. The installed capacity share of coal will decline from 38.8% in 2020 to 22% by 2030 and the share of oil based thermal capacity will reduce to 9.2% by 2030 from 16.2% in 2020,” says Pavan Vyakaranam, Project Manager at GlobalData.

“Apart from developing large renewable projects, Morocco should focus on improving its existing renewable energy laws to enable development of small-scale grid connected renewable systems. Currently, the net metering legislation discourages investments in rooftop PV and small renewable systems other than for self-generation, as it connects to only 20% of their annual production to the grid," Vyakaranam adds.

Image: GlobalData

GlobalData found that Morocco had a renewable installed capacity of 3.9 GW in 2020 and is estimated to have reached 4.3 GW in 2021, an increase of 9%. Morocco’s renewable installed capacity is forecast to reach 9.6 GW by 2030 at a compound annual growth rate (CAGR) of 9.3% during 2020-2030. Wind power is expected to overtake hydro to become the largest renewable source during this period. The installed capacity for wind will increase from 1.4 GW in 2020 to 4.3 GW in 2030 at a CAGR of 11.5%. Installed capacity for solar (both PV and CSP) will increase from 734 MW in 2020 to 2.1 GW in 2030 at a CAGR of 11%. Hydropower capacity will increase form 1.8 GW in 2020 to 3.3 GW in 2030.