Morocco’s Minister of Energy, Mining, and Sustainable Development, Aziz Rabbah, has emphasized interest in a joint venture with Germany in the energy sector.
“Morocco is a promising destination for German energy investors,” said Rabbah.
Rabbah made the remarks in a meeting with German energy officials during the Berlin Energy Transition Dialogue.
Rabbah informed German officials of Morocco’s ambition to have, in the coming years, an electricity exchange between Africa and Europe.
The minister stated that although Morocco is a “small” country, it contains plenty of opportunities. He supported his declaration by highlighting
Morocco’s continuous reforms to establish a business climate conducive to foreign investments.
Germany, a world leader in renewable energies, industrialism, and sustainable development, pays particular attention to forging partnerships with Moroccan enterprises to get into African markets, especially to promote efficient energy solutions, Rabbah noted.
Recognizing Germany’s expertise in the sector, Rabbah spoke about Morocco’s potential and its focus on renewable energy.
Morocco launched an energy strategy in 2009 to reduce the country’s electricity consumption levels. Morocco’s first centre for the development of renewable energies dates back to 1982 and its first wind stations date back to 2002, said Rabbah.
Since launching the national energy strategy, Morocco’s reliance on foreign countries for electricity reduced from 98 per cent to 92 per cent.
Khaled Al Hussaini, in charge of Moroccan embassy affairs in Berlin, reviewed cooperation between Germany and Morocco.
Al Hussaini stressed that the various reforms Morocco established, its presence in African countries, and its many free trade agreements all make Morocco suitable as a major destination for German investments.
He added that the German Siemens group is active in Morocco’s solar energy programme through significant investments in wind energy.
The group has industrial units in Tangier and production projects on the Atlantic coast in southern Morocco.
The aim of the meeting was to enable a dialogue between German businessmen and Moroccan officials on the business climate and investment opportunities in Morocco.
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