Moroccan independent power producer Taqa Morocco has announced plans to develop a renewable energy station in the south of the kingdom with a capacity of 6,000 megawatts, dedicated to the production of green hydrogen and its derivatives, at a cost of up to 100 billion MAD, reported Arabic-speaking news outlet Asharq Business on Tuesday.
The new generating station will be the largest in Morocco in terms of allocated investment and production capacity, supporting Morocco’s efforts to increase the kingdom’s proportion of electric generation from renewable energy sources to more than half by 2030.
“The region concerned with this massive project, namely Oued Ed-Dahab-Lagouira, has recently attracted several similar projects totaling around 220 billion MAD in investment,” a source told the news outlet.
It added that companies that purchased land during 2022 and 2023 for renewable energy projects for future production of green hydrogen have other potential projects in the works.
Taqa Morocco hopes to attract funding from local and foreign partners to implement this massive project.
According to the news source, the company is waiting for the Moroccan government to announce its green hydrogen policy because it views this project as a promising investment in the field of renewable energy, adding that the Dakhla Oued Ed-Dahab region, with its vast terrain, is a preferred location for sustainable energy projects.