Keywords: Energy
INNOVX has secured $110 million in financing from Bank of Africa to support the development of its subsidiary, Fluoralpha, which is spearheading a groundbreaking project in Jorf Lasfar, Morocco. This initiative focuses on recovering fluorine from Moroccan phosphate rocks, reinforcing Morocco’s......
Casablanca is set to play host to one of the most ambitious industrial transformations in Morocco’s recent history. On September 21, 2025, INNOVX announced that its subsidiary Fluoralpha has secured over one billion dirhams (USD 110 million) in strategic financing from Bank of Africa, paving the......
Amina Benkhadra, the Director General of Morocco’s National Office of Hydrocarbons and Mines (ONHYM), announced that the Morocco-Nigeria gas pipeline project has reached significant milestones in its development. Her remarks came during the 10th Geopolitical Meetings of Trouville, held in northern......
Global data center demand is experiencing unprecedented growth, with hyperscalers now operating 1,189 large facilities worldwide. These tech giants account for 44% of the global data center capacity, while on-premises solutions have declined to just one-third of the total market. This surge in demand......
The United Nations has recognized Morocco as a leader in renewable energy, urging African countries to capitalize on economic opportunities tied to ambitious climate initiatives. Highlighting the Ouarzazate solar complex, also known as the NOOR complex, the UN described it as a model of how national......
Taqa Morocco, the operator of the Jorf Lasfar coal-fired power plant, has reported a 17% drop in net profit for the first half (H1) of 2025. Net profit fell to MAD 437 million ($48.7 million), down from MAD 526 million ($58.6 million) in the same period last year. The decrease was largely attributed......
The International Energy Agency (IEA) released a new report analyzing energy diversification strategies in the Middle East and North Africa (MENA). The report highlights that MENA has become one of the fastest-growing contributors to global electricity demand since 2000, with demand tripling by 2024.......
The Moroccan government has taken a significant step forward in its green hydrogen ambitions, with the successful completion of the preliminary phase of the “Chbika 1” project. This milestone was announced during a steering committee meeting on the “Morocco Offer” for green hydrogen,......
Morocco’s industrial landscape demonstrated strong growth in the second quarter of 2025, with overall industrial output rising 7% year-on-year, according to the High Commission for Planning (HCP). This performance underscores robust expansion in manufacturing, mining, and energy sectors, buoyed......
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