Taqa Morocco SA, which delves into the low-carbon strategy of the energy mix, has set sights on wind and solar projects generating a cumulative 1 GW of electricity by 2030.
“Significant investment in renewable energies and the adoption of emission-reduction technology for its coal-fired plants mean 35 percent to 50 percent of Taqa Morocco’s capacity may come from renewables by the end of the decade,” Chief Executive Officer Abdelmajid Iraqui Houssaini said during the Bloomberg New Economy Gateway Africa forum in Marrakesh.
The local arm of the UAE-based Abu Dhabi National Energy Co. is also exploring investment opportunities in desalination projects in Morocco. Morocco is currently confronting severe crisis because of the drought situation and the desalination projects have come to the resuce in some cases.
The company plans 900 megawatts of wind power and 100 megawatts from solar, he said.
“Renewables are making desalination more cost-effective in Morocco, which has “been in a situation of water stress for a while now,” as per the CEO.
“We look to leverage our group expertise and supply chains to be one of the most competitive developers of water,” he added . “Since we are already are in renewables it makes sense for the company to go there.”
Taqa Morocco is keen to reduce its carbon footprint by at least a quarter by 2030, informed the CEO.
