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Reading: The European Investment Bank has reopened bidding for Morocco’s offshore wind energy project.
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AL FANOUS > all > News > Economy > The European Investment Bank has reopened bidding for Morocco’s offshore wind energy project.
Economy

The European Investment Bank has reopened bidding for Morocco’s offshore wind energy project.

Last updated: September 16, 2024 7:49 pm
By omar 2 Min Read
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The European Investment Bank (EIB) has re-launched a tender for technical assistance regarding a feasibility study for Morocco’s offshore wind project. Originally issued in July, the tender was canceled, but is now back on the table as of September.

  • Contract Value and Duration: The new tender, valued at €2 million, will support MASEN in assessing the feasibility of an offshore wind farm near Essaouira. This 24-month contract will encompass various studies and environmental impact assessments, focusing on the potential viability of fixed-bottom offshore wind turbines along Morocco’s Atlantic coast, which benefits from strong winds and shallow waters.

  • Importance of the Project: This offshore wind initiative is a critical part of Morocco’s broader energy strategy. MASEN has set a target to develop 6 gigawatts (GW) of wind energy by 2030, aiming for renewable sources to make up 52% of the country’s energy.

  • Funding Support: A €2 million grant was approved in 2022 to facilitate both the feasibility study and a possible pilot project.

  • Potential for Green Hydrogen: The World Bank has described Morocco’s offshore wind potential as “fantastic,” suggesting that this energy could play a vital role in producing green hydrogen, which is central to the nation’s energy policy. This transition would help Morocco reduce reliance on energy imports and potentially become an energy exporter.

  • Future Energy Landscape: At present, Morocco imports a significant amount of its energy. By 2030, renewable sources are projected to constitute over half of the nation’s energy capacity.

  • Employment Opportunities: The World Bank also notes that offshore wind development could create numerous job opportunities due to its proximity to urban areas. The scale and location of these projects present significant economic potential, although they will face competition from other renewable energy sectors.

This renewed commitment to offshore wind energy underscores Morocco’s dedication to sustainability and energy independence.

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