Morocco has close to $25 billion of active energy projects
With close to $25 billion of active power projects, Morocco has long been a renewable energy leader in Africa. One of a few African countries where 100 per cent of the population has access to stable power.
Morocco has long been a leader in renewable energy development. It is one of the few African countries with a 100 per cent access to electricity rate. Morocco’s population currently stands at 37 million and is forecast to grow by 10 per cent to 41 million over the next decade.
The country’s energy industry has more than $24 billion of active energy projects. Of the active projects, $8 billion is currently under construction with more than $16 billion in the pre-execution phase. This includes projects to the value of $680 million in the tendering stage.
Based on the value of projects under construction, the largest developer is Altus AG and has 19.68 per cent of the market share. The second-largest developer is the Moroccan Agency for Solar Energy (MASEN) with 19.36 per cent of the market share. The biggest contractor by the value of active projects is TSK, with a 37 per cent share of the market. In second place is AM Wind with 30 per cent of the market. Third place goes to Siemens Gamesa Renewable Energy with 15 per cent of the market.
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