Investment Opportunities

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Solar Energy

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Presentation of the sector

As part of its strategy towards energy use, Morocco gives priority to developing renewable energy and sustainable development. With abundant solar resources (a potential of 2 600 kWh/m²/year) and a strategic position at the heart of an energy hub (Connexion with Spanish Network through two electric lines 400kV/700 MW), Morocco offers a wide range of investment opportunities in the sector of thermal and photovoltaic solar energy, including the launch of the following structuring programs:
 

  • The Moroccan Project of Solar Energy: This integrated development project aims to set up in 2020 a capacity of electricity production driven from solar energy with a total capacity of 2000 MW in five major sites: Ouarzazate, Ain Bni Mathar, Foum Al Oued, Boujdour and Sebkhat Tah. The two technologies - Concentrated Solar Power (CSP) and Photovoltaic-are designated to be used in these stations. This program will increase by 14% the role of solar energy in total electricity capacity by 2020 and prevent the emission of 3.7 million tonnes of CO ² per year.
     
  • Development Program of the Moroccan market for solar water heaters (PROMASOL): This program involves the installation of 440,000 m2 of thermal solar sensors in 2012 and 1.7 million m2 in 2020. In terms of thermal energy produced annually, these figures will correspond to 1190 GWh by 2020. This program will avoid the emission of 920,000 tons of CO2 per year and create 920 permanent jobs.
     

Both plans were designed to fall under the criteria of a Clean Development Mechanism.
 

Value proposition

Regulatory Framework:

The Renewable Energy Law (No. 13-09) aims to promote energy production from renewable resources, to market and to export by public entities or private. It also introduces the subjugation of facilities producing energy from renewable sources to a system of prior authorization if their power is equal to or greater than 2 MW, or prior notification for operating activities which necessitate power between 20 KW and 2 MW. Finally, it provides the right for an operator to produce electricity from renewable energy sources on behalf of a consumer or a group of consumers connected to the national grid of medium voltage (MV), high voltage (HV) and extra high voltage (EHV), under an agreement whereby they undertake to remove and consume the electricity produced exclusively for their own use.
 

Financing:

This strategy benefits from the resources mobilized under the pole of the Energy Development Fund with an amount equivalent to $ 1 billion donation from the Kingdom of Saudi Arabia (U.S. $ 500 million), UAE (U.S. $300 million) and the contribution of the Hassan II Fund for Economic and Social Development (200 million U.S.). The year 2010 was highlighted by the establishment of the Energy Investment Corporation (EIS) with a capital of one billion dirhams endorsed by the state (71%) and the Hassan II Fund for Economic and Social Development (29%).
 

Training

  • Creation of specialized energy courses within the major Engineering Schools and Universities s
  • Training of technicians in wind energy by Vocational Training Institutes
  • Conclusion of Industry partnerships-Large Schools - Universities, Institutes specializing in R & D applies.
     

Governance:

  • Moroccan Agency For Solar Energy (MASEN)
    MASEN's mission is to ensure the implementation of the Moroccan Solar Plan.
    www.masen.ma/

     
  • ADEREE
    The National Agency for the Development of Renewable Energy and Energy Efficiency, which aims to contribute to the implementation of government policy on renewable energy and energy efficiency
    www.aderee.ma/


     
  • AMISOLE
    The Moroccan Association of Solar Industries and Windmills (Amisola) was created to promote the interests of industrialists and Moroccan professionals working in the renewable energy sector.
     
  • National Electricity Office (ONE)
    www.one.org.ma/


     
  • Société d'Investissements Energétiques (SIE)
    www.siem.ma/

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