Global

Details

  • Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 6/9/2014

Morocco - Solar power facilities 

June 9:  The Moroccan government has committed to a national “green” agenda, which includes reducing its reliance on expensive fossil fuel imports (the country lacks fossil fuel reserves of its own) and increasing its production and use of renewable energy sources—including solar power and concentrated solar power (CSP) in particular.

Morocco’s solar power investments are at present essentially focused on CSP. CSP uses massive power plants that turn sunlight into heat that is used to turn turbines to create electricity.


The Ouarzazate project in the south of the country is one of the country’s major CSP projects. The first of five planned solar plants is currently under construction, with its first phase of 160 MW contracted to a Saudi company. Once completed (the deadline is 2019), the project is expected to provide 18% of Morocco’s annual electricity production.


Read a June 2014 blog item posted by the KPMG member firm in Morocco.




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