Sustainability drives Morocco's renewable energy investment strategy

Friday 21 February 2025 - 12:22

By: Dakir Madiha

Sustainability drives Morocco's renewable energy investment strategy

Morocco's investment landscape is being transformed by sustainability initiatives, with renewable energy taking center stage in the nation's economic development, according to Mohamed Benchaâboun, Director General of the Mohammed VI Investment Fund.

Speaking at a conference in Rabat focused on investment financing mechanisms, Benchaâboun emphasized that sustainability has evolved from a regulatory requirement to a strategic driver of long-term growth and profitability. He noted that this shift extends beyond public policy, increasingly shaping corporate and investor strategies.

The renewable energy sector exemplifies this transformation, with solar and wind power becoming increasingly competitive against fossil fuels. Solar photovoltaic costs have decreased by approximately 80% between 2010 and 2025, making sustainable energy solutions more economically viable.

Morocco's natural advantages position it strongly in this emerging landscape. The country boasts abundant solar and wind resources, complemented by its strategic geographic location. These assets, combined with clear political commitment, have created attractive opportunities for foreign investment, particularly in green hydrogen development.

To fully capitalize on these opportunities, Benchaâboun called for enhanced infrastructure development and the creation of industrial zones to attract foreign capital. He stressed the importance of securing international financing and establishing partnerships with global industry players.

The conference, organized by the National School of Administration in partnership with the Order of Chartered Accountants, brought together public decision-makers, private sector representatives, academics, and experts to discuss investment financing strategies.