Morocco, situated with a strategic advantage near Europe, is country with a high potential of renewable energy power generation. The country receives high solar radiation for more than 3 600 hours per annum, and the onshore wind potential is estimated to be 25 GW. Leveraging on this, Morocco is also planning to establish itself as a regional player for energy exports – in the form of green hydrogen and derivatives. As per their hydrogen strategy, Morocco plans to export 114 TWh of energy in the form of renewable hydrogen and synthetic fuels by 2050. Proximity to Europe is ideal to support developers and investors in their business plans for developing green hydrogen value chain.
To address climate change, numerous countries will need to import climate-neutral fuels to meet their energy demands. Hydrogen and its derivatives, such as ammonia, are regarded as pivotal future fuels for fulfilling this requirement. A country’s ability to successfully and competitively supply hydrogen depends on multiple factors, providing certain nations with an advantage in future hydrogen trade.
Report:
Green Hydrogen Possibilities for Developers and Investors
Key questions to be answered in this regard are:
- What renewable energy potential does a country possess?
- Are there sufficient water resources available to support hydrogen production?
- How robust are the existing and planned infrastructure frameworks?
- What is the regulatory landscape like, and how conducive is it to hydrogen trade?
- How easy is it to invest in the country’s energy sector?
- What financial opportunities are present to support hydrogen projects?
- What strategic direction has the country taken regarding energy policies?
- How close is the country to its potential destination markets for hydrogen exports?
- …
ILF conducts comprehensive assessments and produces specific country reports to support its clients in making informed decisions. By addressing these crucial questions, ILF ensures that stakeholders have a clear understanding of the opportunities and challenges in the hydrogen sector.
In our assessment of Morocco, our experts analyzed the country’s potential while also identifying the challenges that project developers must overcome. These insights are critical for guiding investments and strategic decisions in the rapidly evolving landscape of climate-neutral fuels.
If you would like to get insights into our comprehensive country analysis, do not hesitate to get in touch with us!
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