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Home > Economy > Morocco’s Electrical Exports Grow by 315%, Net Energy Increases by 3.8%

Morocco’s Electrical Exports Grow by 315%, Net Energy Increases by 3.8%

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Feb, 21, 2020
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Morocco’s Electrical Exports Grow by 315%, Net Energy Increases by 3.8%

Morocco’s Electrical Exports Grow by 315%, Net Energy Increases by 3.8%

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Rabat – Morocco’s Financial Studies and Forecasting Department (DEPF) said that electrical energy imports fell by 85.9% at the end of 2019, while exports rose by 315.7%. The net energy consumption grew by 3.8%.

The DEPF added that the national production of electrical energy continues to grow, reaching 16.9% in 2019, compared to 8.2% in 2018.

The public institution, part of the Ministry of Economy, Finance, and Administration reforms attributed the positive performance to the good dynamics of private production (+31.5%), the projects developed under law 13-09 (+44.6%), and the contribution of national private companies (+158.3%).

Electrical energy consumption recorded an increase of 0.3% at the end of 2019, after a decrease of 2% at the end of 2018. 

The slight rebound in electrical consumption is linked to the increase in medium-tension energy sales by 9.6%(+ 0.1%), and low-tension energy by 5% (+ 0.3%), as well as energy targeted to distributors by 1.9% (+ 0.5%).

Read also: Morocco, Arab Leader in Electricity Generation from Renewable Energy

Thanks to Morocco’s national energy strategy adopted in 2009, the north African country has reduced its reliance on foreign countries for electricity from 98% to 92%.

Morocco has an ambitious goal of reaching 42% of electricity production through renewable energies by the end of 2020, and 52% by 2030.

To achieve its aspirations, Morocco has heavily invested in solar energy through the Noor Ouarzazate solar plant and the yet-to-be-constructed Noor Midelt I, one of the largest solar complexes in the world, alongside the US’ Solar Star in California.

The Noor-Ouarzazate complex was built on an area of more than 3,000 hectares with an investment of $400 million loans from the World Bank and an additional $216 million from the Clean Technology Fund.

Tags: Electricity Production in MoroccoEnergy in Moroccorenewable energies in morocco
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