SolarPower Europe has released its report, ‘Morocco: Solar Investment Opportunities’, providing valuable insights into the Moroccan solar market and highlighting prospects for international investors.
Ditte Juul Jørgensen, Director-General of DG ENER at the European Commission, highlighted Morocco’s leadership in renewable energy, aiming for 52% of installed electricity capacity from renewables by 2030, with solar playing a key role. She described the report as a valuable blueprint for action, offering guidance for investors, businesses, and policymakers to capitalize on emerging opportunities.
Gustavo Fernandes, Head of Africa and International at Voltalia and Chair of SolarPower Europe’s Global Markets Workstream, described Morocco as a promising solar market poised for significant growth. He stated that the report offers policymakers actionable recommendations to unlock the country’s full renewable energy potential.
Fatima Zahra El Khalifa, Director General of Cluster EnR, highlighted Morocco’s strong solar potential and its role as a regional energy hub. She noted that with strategic solar investments, Morocco can accelerate its energy transition and drive sustainable growth.
Morocco is committed to expanding its renewable energy capacity, aiming to reach a 52% share of its total electricity capacity by 2030. As the country undergoes its energy transition, the solar sector, in particular, is experiencing consistent growth, offering investors a chance to contribute to a sustainable future while achieving attractive returns. The report’s most likely ‘medium’ scenario forecasts that Morocco will reach 2.27 GW of total installed solar capacity by 2027, and 2.97 GW by 2028.
Benjamin Clarke, Global Markets Manager at SolarPower Europe, expressed optimism about Morocco’s solar future. He noted that the report offers industry recommendations to help Moroccan authorities accelerate renewable investments and capitalize on the country’s vast solar potential.
Sonia Dunlop, CEO of the Global Solar Council, highlighted Morocco’s leadership in solar energy, expecting 2.2 GW of new capacity by 2028. She noted that the country’s green hydrogen strategy, strong regulations, and growing electricity demand will drive down solar costs and attract new investments.
This publication was drafted by SolarPower Europe’s Global Markets Workstream. The workstream was launched in March 2018, to identify new avenues for worldwide business and cooperation, and contribute to the global energy transition.
The report is the fifteenth in a series of SolarPower Europe’s global market reports, which includes: Algeria, Côte d’Ivoire, India, Kazakhstan, Latin America, the Middle East, Mozambique, Myanmar, Oman, Senegal, Tunisia, and Vietnam.
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