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Morocco selects five investors for $31.9 billion green hydrogen projects
Morocco's green hydrogen ambitions took a significant leap forward with the selection of five major investors during a steering committee meeting chaired by Prime Minister Aziz Akhannouch in Rabat. This move is part of a broader initiative to develop six projects valued at MAD 319 billion ($31.9 billion) across the country’s southern regions.
Among the selected companies is the ORNX consortium, which includes American firm Ortus, Spain’s Acciona, and Germany’s Nordex, focusing on ammonia production. A second consortium, comprising UAE-based Taqa and Spain’s Cepsa, aims to produce both ammonia and industrial fuel. Moroccan company Nareva is set to invest in a comprehensive project that includes ammonia, industrial fuel, and green steel production, while Saudi Arabia’s ACWA Power will concentrate on green steel manufacturing. Additionally, a Chinese consortium featuring UEG and China Three Gorges will establish ammonia production facilities.
These projects build on two earlier agreements signed in October 2024 between Morocco and France, witnessed by King Mohammed VI and French President Emmanuel Macron. The first agreement involves a partnership with TotalEnergies, while the second establishes collaboration between OCP and ENGIE, which includes five projects focused on green hydrogen.
Each project will be allocated up to 30,000 hectares of land, with the government ensuring proper use of public land through contractual frameworks. The selection process utilized a "scientific and transparent methodology" to foster balanced and sustainable partnerships between Morocco and the investors.
This initiative is part of a government circular issued on March 11, 2024, outlining the framework for Morocco’s green hydrogen strategy. The strategy aims to leverage the country’s strategic geographic location, diverse natural resources, and international-standard infrastructure.
Key government officials, including Interior Minister Abdelouafi Laftit and Investment Minister Karim Zidane, attended the meeting. The government has indicated that the selection process remains open to additional investors interested in contributing to the development of Morocco’s green hydrogen sector.
This strategic initiative aligns with directives from King Mohammed VI’s Throne Speech of July 29, 2023, which emphasized the need for rapid and qualitative implementation of Morocco’s green hydrogen strategy to harness the country's advantages in this burgeoning sector and attract global investor interest.