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Washington, February 21, 2012 (MAP)
By resolving to develop its potential in the area of renewable energy, Morocco is on the way to establish itself as green energy leader in the Mediterranean, the U.S. magazine Forbes wrote on Tuesday.
Following the deep political and economic evolution that took place last year in North Africa, “Morocco’s renewable energy potential took on a new importance,” the magazine said in an article entitled “Morocco And The Political Potential Of Renewable Energy”.
It noted that the Moroccan government set a 42% renewable goal by 2020 to help meet domestic demand and tap into growing interest from Europe for new energy sources.
With relations between Rabat and Algiers getting warmer, and with new governments in place in Egypt, Tunisia and Libya, “long-delayed partnerships in the region seemed suddenly possible. Proposed trading blocs that had sat in limbo for decades were brought up for discussion again,” it said.
It insisted that an economically unified, North Africa would give the countries of the region “a stronger hand to play when it came to producing and exporting energy to the European market.”
“By offering up a more cohesive energy production effort in the Maghreb, the area could have more say about funding, revenue sharing and sustainability,” it said.
