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Marrakech – Head of Government Aziz Akhannouch presided over a signing ceremony for a landmark energy agreement in Rabat on Monday. The convention aims to accelerate the provision of 5 gigawatts of green electricity to Moroccan industry by 2030.
The agreement brings together the government, the National Office of Electricity and Drinking Water (ONEE), the Moroccan Agency for Sustainable Energy (MASEN), and the National Agency for Strategic Management of State Holdings and Monitoring of Public Establishments and Enterprises (ANGSPE).
The convention was signed by the Minister of Economy and Finance, the Minister of Energy Transition and Sustainable Development, and the Deputy Minister in charge of Budget on one side, and the Director General of ANGSPE, the Director General of ONEE, and the President and CEO of MASEN on the other.
The convention will rationalize costs across the value chain while ensuring equitable distribution of responsibilities between ONEE and MASEN. It guarantees contractual and economic stability for renewable energy projects, aligned with the state’s participation policy objectives.
Akhannouch stated that renewable energy currently represents 46% of installed electricity production capacity in Morocco. The country aims to increase this figure to over 52% by 2030, in accordance with King Mohammed VI’s vision.
The agreement is part of broader government efforts to reinforce energy efficiency in Morocco. It seeks to inject new momentum into the implementation of the National Renewable Energy Program (PNER) while establishing an effective partnership between the government and public institutions operating in the renewable energy sector.
During the third National Industry Day, also held on Monday in Rabat, Akhannouch addressed the growing strength of “Made in Morocco” products. He presented key economic indicators showing manufacturing industries’ added value had increased to 3.3% in 2024, up from 3.1% the previous year.
Industrial exports have reached MAD 389 billion ($38.9 billion), with foreign direct investments in the sector representing more than 35% of total incoming flows. These achievements reflect the country’s significant progress in building a competitive industrial ecosystem.
The government has invested heavily in world-class infrastructure to support industrial growth. This includes the Tanger Med port, over 1,600 kilometers of highways, and the high-speed train extension project connecting Casablanca to Marrakech.
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More than 150 industrial zones have been created and over 400,000 hectares of industrial land mobilized to accommodate expansion. These initiatives have attracted leading investors and firmly established Morocco in high-value sectors such as automotive, aeronautics, pharmaceuticals, and electronics.
The government has implemented several reforms to strengthen industrial competitiveness. These include tax reform to provide businesses with greater predictability, accelerated VAT refunds to improve cash flow, and measures to enhance the business climate through the new Investment Charter.
In response to energy shocks since 2022, the government has maintained stable electricity prices by absorbing global market fluctuations at the state level. This decision has helped preserve the competitiveness of industrial companies while supporting preparation for a clean energy transition.
The transition to a decarbonized industry represents a central challenge. Morocco is betting on green hydrogen development and access to competitively priced green electricity to meet international market requirements.
Ten years after launching the first integrated industrial strategies, Morocco has doubled most of its performance indicators. Manufactured products now account for 87% of national exports, positioning the industrial sector among the country’s primary employment providers.
