Moha Ennaji writes: \u00a0 Morocco\u2019s drive to become a regional renewable-energy powerhouse offers a real option for economic development in other Arab countries.<\/p>\n
Morocco has been investing in large-scale renewable-energy projects for some time; but only now are these investments coming online. Perhaps the most impressive is the gigantic Noor-1 solar-energy compound, located in the Moroccan desert near Ouarzazate. Opened on February 4, Noor-1 uses highly advanced technology to store energy for use at night and on cloudy days.<\/p>\n
Considered the largest solar power plant in the world, Noor-1 is\u00a0expected to produce\u00a0enough energy for more than a million people, with extra power eventually to be exported to Europe and Africa, according to the World Bank. Given that Morocco imports around 97% of its energy supply, and possesses no oil or natural gas deposits of its own, the government has viewed developing renewable energy as the only way to ensure the country\u2019s continuing economic development. This is an insight others in the region should heed.<\/p>\n
The Noor-1 project, covering an area of more than 4.5 square kilometers (1.7 square miles) with 500,000 curved mirrors \u2013 some as high as 12 meters \u2013 cost around $700 million. But it is intended to be only one part of a huge solar compound extending over 30 square kilometers. Indeed, by 2018, three more plants, Noor-II, Noor-III, and Noor-Midelt will be constructed, using a combination of technologies, including thermosolar and photovoltaic. The project will generate up to 2,000 megawatts daily by 2020, helping to reduce the development gap between urban and rural areas.<\/p>\n
Of course, the project has demanded huge sums in investment. Of the $9 billion project\u2019s financing, some $1 billion has come from a German investment bank, $400 million from the World Bank, and $596 million from the European Investment Bank. The rest of the funding has come from Morocco\u2019s government as part of its national development strategy.<\/p>\n
In the near future, Morocco will also develop a wind program with a capacity of at least 2,000 MW daily, and a 2,000 MW hydropower project. These could provide the country with 42% of its total electricity production. This represents an unparalleled proportion of renewable energy at both the regional and the international levels.<\/p>\n
Already, the Tarfaya Wind Farm, positioned on Morocco\u2019s Southern Atlantic Coast, is Africa\u2019s biggest. With 131 turbines and a daily capacity of more than 300 MW, Tarfaya will help reduce Morocco\u2019s carbon dioxide emissions by 900,000 tons annually, and cut the country\u2019s annual oil import bill by more than $190 million.<\/p>\n
Morocco\u2019s government is convinced that reform and development will confirm its emergence as a regional leader and gateway to Africa.<\/p>\n
Investors are aware of Morocco\u2019s exceptional geographic position and its political stability in a region all too often held back by uncertainty. The country\u2019s giant solar complex and other investments will help boost the country\u2019s energy independence, reduce costs, and expand access to power. Others in Africa and the Middle East should take note.<\/p>\n","protected":false},"excerpt":{"rendered":"
Moha Ennaji writes: \u00a0 Morocco\u2019s drive to become a regional renewable-energy powerhouse offers a real option for economic development in other Arab countries. Morocco has been investing in large-scale renewable-energy projects for some time; but only now are these investments … Continue reading