MARKET / MOROCCO
#7Continent rank
12Deals tracked
$6,018mCapital tracked
27,930 MWPipeline
730 MWOperational (tracked)
4,375 MWInstalled RE (2024, IRENA)
100%Electricity access (2024, World Bank)
$182.4bnGDP (2025, World Bank)
2.39%RE capital / GDP (12M)
21%Clean generation (2025-12, Ember)
Market primer
structure, counterparties and bankability context| Region / power pool | Northern Africa · COMELEC |
| Main offtaker | ONEE |
| Regulator | ANRE |
| PPA framework | Not yet researched |
| Currency / convertibility | MAD · Not yet researched |
| GDP per capita | $4,672 (2025, World Bank) |
| Sovereign ratings | Moody’s — · S&P — · IMF DSA — |
| Last updated | pending |
Installed renewables
2015–2024, MW (IRENA)Deals
every row source-linked| Date | Deal | Type | $m | Conf |
|---|---|---|---|---|
| 2026-07-01 | Ifahsa Pumped Hydropower Storage Project | dfi_commitment | 265 | A |
| 2026-05-22 | AfDB-OCP industrial transition guarantee | corporate_debt | 527 | B |
| 2026-05-20 | Morocco Q1 2026 approved energy projects | grant | 2,418 | B |
| 2026-03-24 | Noor Atlas Solar Programme | project_finance | 278 | A |
| 2026-02-13 | Saray / Tanakoo Rooftop Solar Projects | project_finance | 4 | A |
| 2026-02-02 | Taqa Morocco 2030 Infrastructure Pipeline | grantpledge | — | A |
| 2025-11-30 | GPM Holding SA | equity_raise | 861 | B |
| 2025-09-25 | Sila Atlantik Morocco-Germany HVDC Interconnector | project_financepledge | 43,200 | B |
| 2025-06-30 | Entrepreneurship Support and Financing Programme for Job Creation (PAFE-Emplois) & Economic Governance and Climate Resil | corporate_debt | 352 | A |
| 2025-05-30 | Consortium: National Office of Electricity and Drinking Water (ONEE), Mohammed VI Investment Fund, TAQA Morocco, Nareva | corporate_debtpledge | 14,000 | B |
| 2025-02-26 | ONEE | corporate_debt | 314 | B |
| 2025-02-10 | Morocco | corporate_debt | 1,000 | B |
Project pipeline
Tariffs & policy
| Date | Program / deal | US¢/kWh | Conf |
|---|---|---|---|
| 2026-03-01 | Morocco Net Metering | 2.30 | B |
| 2026-02-23 | ANRE Surplus Compensation Framework (Peak) | 2.10 | B |
Generation mix
2025-12 · % of generation (Ember, CC-BY) · monthly, auto-refreshedClean share, 2024-02 → 2025-12
Recent coverage
from the archive| 2026-07-17 | 🚨 Flash News | ENGIE & OCP Group to Launch Morocco Green Energy JV 🇲🇦🇫🇷 French energy group ENGIE and Morocco’s OCP Group are set to establish Morocco Green Energy, a joint venture expected to launch in autumn 2026, acco builds on prior coverage — trace "Flash" in Storyline for the history |
| 2026-07-17 | The World Bank Just Approved $265 Million for a Massive Clean Energy 'Rechargeable Battery' in Northern Morocco Adds no new capital figures to the already-recorded $265m Ifahsa financing but surfaces the technical/economic case (690GWh in/550GWh out at 80% round-trip efficiency, ~1GW of new renewables unlocked, ~$1bn in follow-on private investment expected) that lenders can use to underwrite similar African pumped-storage plays. |
| 2026-07-17 | NTB, Morocco explore cooperation in tourism, renewable energy builds on prior coverage — trace "tourism" in Storyline for the history |
| 2026-07-17 | Engie and OCP to launch Morocco green energy joint venture in 2026 builds on prior coverage — trace "joint" in Storyline for the history |
| 2026-07-17 | France, Morocco plan interconnector to tap North Africa’s renewables France and Morocco are initiating high-level planning for a cross-continental power interconnector to facilitate the export of North African renewable energy to European markets. |
| 2026-07-16 | France launches call for proposals for Morocco electricity link project - HESPRESS English builds on prior coverage — trace "English" in Storyline for the history |
| 2026-07-16 | France, Morocco plan direct electricity link builds on prior coverage — trace "France" in Storyline for the history |
| 2026-07-16 | Morocco country profile: tourism, reforms and renewable push builds on prior coverage — trace "profile" in Storyline for the history |
| 2026-07-14 | Driving the Energy Transition Through Technical Training in Morocco Throughout the training session held on 4 July 2026 in Errachidia, Morocco, attendees explored Canadian Solar's comprehensive clean energy portfolio, in builds on prior coverage — trace "Technical" in Storyline for the history |
| 2026-07-13 | UM6P’s Third Green Hydrogen Camp Boosts Morocco’s Clean Energy Ambitions The third edition of the Green Hydrogen Morocco Camp highlights ongoing capacity-building efforts by GIZ, UM6P, and IRESEN to develop the human capital necessary for Morocco's emerging green hydrogen and Power-to-X ecosystem. |
| 2026-07-13 | Morocco, European partners advance plans for green energy exports, German report says builds on prior coverage — trace "European" in Storyline for the history |
| 2026-07-10 | Africa’s solar story is entering a new chapter. From utility-scale projects like Noor in Morocco to the rapid growth of distributed solar solutions across the continent, renewable energy is expanding access to power, sup builds on prior coverage — trace "chapter" in Storyline for the history |
| 2026-07-09 | Morocco is becoming Africa's solar energy powerhouse with one of the world's largest solar complexes builds on prior coverage — trace "becoming" in Storyline for the history |
| 2026-07-09 | Morocco: Development financiers back pumped hydro storage plant builds on prior coverage — trace "pumped" in Storyline for the history |
| 2026-07-09 | How Morocco is leading Africa’s solar energy revolution builds on prior coverage — trace "leading" in Storyline for the history |