Morocco Renewables Report - Business Monitor International - Industry Reports

Morocco Renewables Report

Morocco Renewables Report - Business Monitor International - Industry Reports
Morocco Renewables Report
Published Sep 10, 2016
35 pages — Published Sep 10, 2016
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Abstract:

Between ---- and ----, Morocco s total non-hydro renewables capacity is forecast to increase by more than --- from ---MW to ----MW. In terms of generation, growth will average --.- during the same period, rising from -.-TWh to -.-TWh. This will keep Morocco the most attractive renewables market in MENA region. A number of positive country- and industry-specific fundamentals will drive strong growth in the wind power sector, which is forecast to account for more than -- of the non-hydro renewables power generation across our forecast period. CSP solar technology will be the key driver of Morocco s solar capacity growth over the next five years, as it enables the bulk storage of power and can - by extension - ensure greater stability of supply. ...The project s final capacity will range from ---MW to ---MW. ONEE is reportedly negotiating with German development bank Kreditanstalt fur

...Source: National sources, BMI Our upbeat forecasts for the sector are based on Morocco s strengthened regulatory and policy environment. ...Progress in fuel subsidy reform will help improve the cost-competitiveness of renewable technologies and encourage utilities to invest into alternative sources of power. The growing attractiveness of the Moroccan renewables industry is reflected in the strengthening project pipeline for both solar and wind projects; reflecting this, our key projects database - which collates infrastructure projects across the world - indicates that there are over -.-GW of renewables projects at various stages of development across Morocco. Investor interest remains high, and we have seen project announcements from high-profile international renewables developers, such as France s Engie (formerly known as GDF Suez), Shanghai Electric and Saudi Arabia s ACWA Power International. ...The growing attractiveness of the Moroccan renewables industry is reflected in the strengthening project pipeline for both solar and wind projects; reflecting this, our key projects database - which collates infrastructure projects across the world - indicates that there are over -.-GW of renewables projects at various stages of development across Morocco. Investor interest remains high, and we have seen project announcements from high-profile international renewables developers, such as France s Engie (formerly known as GDF Suez), Shanghai Electric and Saudi Arabia s ACWA Power International.

...Growth will be driven largely by government efforts to strengthen the regulatory and policy environment for renewables, significant international interest in renewables capacity auctions and ambitious targets to generate -- of electricity from renewable energy by ---- (see Strengthening Policy Environment Boosts Renewables Prospects June -- ----). We also highlight that the government is moving to reduce reliance on imported coal and gas. Indeed, Morocco currently relies on coal for -- of its total electricity mix, while natural gas adds another --.- of total generation (our ---- estimates). Although energy commodity prices have fallen over the past few years, the country s vast renewable energy resources and the increasing cost competitiveness of renewable energy against imported fuels continues to drive government efforts to diversify. Additionally, electricity consumption in Morocco set to increase by an annual average of -.- between ---- and ----, driven by the rapid development of energy-intensive industries, such as autos and aeronautics manufacturing. ...

  
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Document ID
2058-6507
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Morocco Renewables Report" Sep 10, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Morocco-Renewables-Report-2026-1747>
  
APA:
Business Monitor International - Industry Reports. (2016). Morocco Renewables Report Sep 10, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Morocco-Renewables-Report-2026-1747>
  
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