http://info.afrindex.com
China-Africa Trade Information Service
http://info.afrindex.com
China-Africa Trade Information Service
Image from Moroccoworldnews
Moroccan industrial company YNNA Group, and subsidiary of Emirati conglomerate Al Nowais Investments, AMEA Power, announced a joint agreement to develop a 100-megawatt wind farm in Morocco’s Laayoune.
The power plant’s construction is set to begin by the end of 2025, with operations scheduled to start in 2027. The power plant is expected to prevent over 330,000 tons of CO2 emissions annually.
A joint statement released today from the groups said that the joint venture stems from a shared ambition to contribute to Morocco’s national energy transition strategy and support the country’s goals in decarbonization and energy sovereignty.
CEO of YNNA Group, Mama Tajmouati, said the partnership marks a decisive turning point for YNNA, reflecting the group’s commitment to building a competitive, sovereign, and low-carbon energy model to serve Morocco and the two subsidiaries.
“This is a tangible step toward a sustainable future aligned with the Kingdom’s ambitions,” the groups said.
Chairman of AMEA Power, Hussain Al Nowais, also expressed satisfaction with the new partnership, noting that the agreement aims to deliver a major project in Morocco.
Describing Morocco as a sister nation to the UAE, AMEA Power chairman stressed that the partnership is fully aligned with the company’s commitment to developing sustainable, accessible energy solutions with a strong local impact. “Morocco is a key market for AMEA Power, and we are determined to expand our footprint here through large-scale investments,” Al Nowais said.
Morocco’s energy efficiency is the “second pillar” of Morocco’s national energy strategy, Minister of Energy Benali said earlier this year, noting that an estimated 100,000 job opportunities are also expected by 2030. The country also aims to produce 52% of its energy through clean renewable sources by 2030.
