Taqa Maroc sets up renewable energy subsidiary

Image from North Africa Post

Morocco's largest private electricity producer, Taqa Maroc, has launched a renewable energy subsidiary to take care of its solar projects, Moroccan media said.

UAE firm Taqa Maroc is listed on the Casablanca stock exchange and has reported a first quarter revenue of 4.09 billion dirhams, up 53.9% from last year as coal prices drop.

It said it plans 96 MW in the Noor PV II project and an additional 200 MW in two new projects as it also prepares to launch a desalination plant.

News outlet Le Desk reported that the new subsidiary will be called Taqa Morocco Green and will also produce green hydrogen in Morocco’s southern provinces, the Sahara.

Green hydrogen features prominently in Morocco’s renewable energy strategy as the country prepares the ground to attract foreign investors with a potential to export.

Morocco plans to generate at least 52% of its electricity from renewable sources by 2030.

Laws & Regulations
• Egypt’s tax-free car import initiative generates $... 03-20
• Resource curse: more Africa countries could benefi... 01-16
• Morocco Announces Cigarette Price Hike for 2024 as... 12-27
• Nigeria wins appeal in landmark ruling against Pro... 11-16
• Togo, Benin slash telecommunication charges 10-24
• Egypt adopts new strategy to increase industry’s c... 10-05

Trade Shows
• African Energy Week (AEW) 2024: Date Set 10-12
• Cityscape Egypt 2023 expo kicks off on Tuesday wit... 09-19
• Cotonou to host first Auto Moto Show on October 12... 06-27
• Ministerial Forum a top feature at Big 5 Construct... 05-17
• THE BUILD&DECOR EXPO 05-06
• SIAM: Moroccan, International Companies Showcase I... 05-03