Morocco has unveiled its ambitious “Green Hydrogen Morocco Offer.” This program, projected to attract significant investments over the next decade, could transform the country’s energy and economic landscape.
“We are not talking merely about a new industrial sector, but a true economic growth driver for Morocco,” a Ministry of Energy, Mines, and Environment member told Afrik. Although specific figures have not been disclosed, the Moroccan government aims to create thousands of direct and indirect jobs in the sector by the decade’s end. By 2030, the Kingdom plans to supply 4% of the global green hydrogen demand, a rapidly growing market.
Strategic Importance of Green Hydrogen
Green hydrogen, produced by electrolysis of water using renewable electricity, is pivotal in the shift to efficient and sustainable energy. Blessed with exceptional sunlight and strong winds, Morocco aims to capitalize on its natural resources to become a global leader. The country has already established its credentials in renewable energy, with 37% of its electricity production from green sources in 2021.
The Morocco Offer Attracts Investment
The Moroccan government is offering a set of incentives through the Morocco Offer to attract investors. “We provide a complete package: dedicated land, simplified administrative procedures, and attractive fiscal incentives,” our source explains. Leila Benali, the Minister of Ecological Transition, announced that one million hectares for green hydrogen projects will be available to investors. This initiative is well underway, as the Moroccan Agency for Sustainable Energy (MASEN) has already received nearly 40 project applications.
The steering committee for the “Morocco Offer” for green hydrogen met this Thursday under the leadership of the government head, Aziz Akhannouch, to review the methodology for evaluating and selecting the submitted projects.
European Interest in Moroccan Hydrogen
Europe is closely watching this initiative in search of alternatives to fossil fuels. Specialists in the energy sector consider that Morocco could become a key green hydrogen supplier for the EU. Projections by the International Energy Agency indicate that the global hydrogen market could reach 200 billion dollars by 2030, presenting a significant opportunity for Maghreb countries.
Costly Investments Ahead
However, numerous challenges remain. Green hydrogen technology is still expensive, with production costs ranging between 3 and 6.5 dollars per kilogram, according to IEA estimates. Massive investments will be required to build production and transportation infrastructure.
New Developments in Algeria
Algeria is making a decisive move by joining the New Development Bank of the BRICS, bolstering its position as an economic powerhouse in Africa’s energy sector, especially in natural gas. In 2024, this giant continues to assert itself as a crucial energy player in the continent. As of 2023, France has 7.3 million immigrants, accounting for 10.7% of its total population, with Algeria being the leading country of origin for immigrants, ahead of Morocco and Portugal.
