Rabat – Morocco and Saudi-Arabia signed today a memorandum of understanding on the peaceful use of atomic energy, stated Saudi-Arabia’s ministry of energy in a press release.
Signing the agreement were Morocco’s minister of Energy Transition and Sustainable Development Leila Benali and Saudi-Arabia’s Minister of Energy, Prince Abdulaziz bin Salman.
The memorandum aims to increase the two countries’ engagements in the field of energy, through exchanging expertise and encouraging financing and investments in both countries.
The press release explains that the two countries will cooperate in the field of “Peaceful Uses of Atomic Energy.”
These uses include designing, constructing, and operating of a nuclear fuel cycle and waste management, in addition to engineering and marketing innovative techniques for new generations of nuclear plants.
The memorandum aligns with Morocco’s “Green Generation” 2017 strategy, which follows the goal of transitioning towards a greener economy by 2030, said the statement from the Saudi ministry of energy.
Nuclear energy is a low-carbon energy source that contributes to the production of low-CO2 electricity, according to the international industrial group Orano. It releases “70 times less CO2 than coal, 40 times less than gas, 4 times less than solar energy, 2 times less than hydroelectricity and the same amount as wind energy.”
Morocco is a forerunner in renewable energy, and the country has been moving steadily toward a more environmentally friendly future.
The Energy Engineering Company (SIE) joined forces in March 2022 with Greenrock, which is based in Rabat, to accelerate decarbonization and the transition towards more dependence on renewable energy.
The agreement between SIE and Greenrock aims to improve financial management of energy efficiency (EE) projects by assisting private businesses and investors in becoming more environmentally friendly.
Read also: Decarbonization in Morocco: SIE, Greenrock Join Forces
