Energy Engineering Company partners Greenrock to accelerate decarbonization in Morocco

MOROCCO – The Energy Engineering Company (SIE) has partnered with Rabat-based Greenrock to accelerate the deployment of decarbonization and energy reduction solutions on the Moroccan market.

The two parties have signed an agreement to boost Morocco’s transition to using more renewable energy and become a greener economy, as part of  Morocco’s National Energy Efficiency Strategy (SNEE).

An SIE press release announced that the company, also known as Super ESCO, is aiming to help private enterprises and investors become more environmentally friendly.

One of the main goals of this collaboration is for the SIE to be able to modify its internal processes to better control the financial management of energy efficiency (EE) projects.

The collaboration marks the first time that the SIE has partnered with a private investor and hopes the partnership will allow it to become well-known nationally for its work on renewable energy.

Morocco is a pioneer in the field of renewable energy. The country is increasingly using more renewable energy and is steadily progressing towards a greener future.

The Ouarzazate solar plant, Ain Beni Mathar, and Foum El Oued stations are among Morocco’s most prominent solar projects.

The North African country aspires to produce more than 52 % of its electricity from renewable resources by 2030.

Overall, Morocco seems to be taking shrewd and logical steps forward to actually reach its dreams of 100% renewable energy by 2050.

Leila Benali, the Minister of Energy Transition and Sustainable Development said earlier this month “Morocco has all the tools [it needs] to begin the transition to a carbon-free mode of [energy] production.”

Morocco’s national renewable energy policy, which aims to reduce the country’s usage of coal, oil, and gas production, as well as legislation aimed at protecting biodiversity and wildlife, are among the strategies that aim to assist the country to consume less carbon.

The North African country’s efforts to clean energy will not only benefit local people but also its neighboring countries.

Morocco is positioning itself as a clean energy hub with the potential to export renewable power to Europe, and already has two electricity cables connecting it to Spain and plans for a subsea connection to the UK.

Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals, and insights from Africa’s business, economy, and more. SUBSCRIBE HERE

Other Recent Posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.