Morocco pledges $30bn to renewable energy

Morocco is planning to invest  as much as $30bn  in its renewable energy industry by 2030, its Minister of Energy, Mines and Sustainable Development Aziz Rebbah said yesterday, in the process  creating ‘great opportunities’ for the national, regional, and international private sector.
Speaking at the opening ceremony of OPEC’s  11th Arab Energy Conference in Marrakech.the Minister pointed out that, while domestic demand for energy was increasing, Morocco was  almost entirely dependent on imports.
The country’s  overall consumption of primary energy amounted to 20.8 million tons in 2017,  mainly generated from oil (55.9%) and coal (25.5%); and, although still relatively small, consumption of renewable energy – including wind, hydroelectric, and solar energy – was on the increase and had grown to  5.8%  in 2017 from 2.6% five years earlier.
Morocco is also preparing to invite bids for a $4.5bn  liquefied natural gas (LNG) project at  Jorf Lasfar , 120 kilometers south of Casablanca, the Minister confirmed.