Morocco is fast emerging as North Africa’s undisputed leader in renewable energy, attracting unprecedented investments from Gulf powerhouses. According to a new report by London-based Bourse & Bazaar, the Kingdom has become the region’s most attractive solar hub, outpacing neighbors through strategic vision and execution.
The Northern nation aims to source 52% of its electricity from renewables by 2030, with solar capacity projected to reach 2.7 GW by 2027 and 2.97 GW by 2028. This ambitious roadmap has drawn major Gulf investors, including:
- Saudi Arabia’s Public Investment Fund
- Abu Dhabi’s Mubadala
- Dubai’s AMEA Power
These heavyweights are pouring capital into landmark projects like the 580 MW Noor Ouarzazate complex, developed in partnership with Saudi’s ACWA Power across three phases.
AMEA Power is simultaneously developing three solar plants in Taroudant (200 MW), Tangier (150 MW), and El Hajeb (100 MW). While UAE’s Masdar hasn’t established standalone plants, its collaboration with Morocco’s national utility has already brought solar power to 19,000+ households.
Morocco’s success lies in its streamlined processes through MASEN, the national sustainable energy agency. It accelerates project approvals and land access, enabling groundbreaking ventures like the £18 billion Xlinks project, which will transmit 3.6 GW of Moroccan solar and wind energy to Britain. This will be via 3,800km subsea cables, potentially powering 7 million UK homes by 2030.
With solar production costs 30% lower than Gulf averages, Morocco remains irresistible to investors. As Bourse & Bazaar notes, slight regulatory tweaks could unlock another $5 billion in potential investments by 2030, ensuring the Kingdom doesn’t just lead Africa’s energy transition, but powers it.
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