Investment Guides

Your Step-by-Step Guide to Morocco’s Renewable Energy Goldmine

Morocco’s going all out for green energy. They want 52% of their power from renewables by 2030. Solar’s blazing and wind’s whipping through.

February 21, 2025

Key Takeaways:

  • Morocco’s aiming for 52% renewable energy by 2030—solar and wind are the stars.
  • Tax breaks and subsidies make it a no-brainer for your wallet.
  • Places like Ouarzazate Solar show you can cash in big.
  • Morocco’s going all out for green energy. They want 52% of their power from renewables by 2030. Solar’s blazing and wind’s whipping through. I’ve been digging into this for a while—it’s a real chance to make some money. Here’s how I’d jump in, step by step.

    Why Morocco’s Renewable Energy Caught My Eye

    I can’t get over how much Morocco’s got going for it. They’re chasing 6,000 MW of renewable power by 2030, says the International Renewable Energy Agency. The sun’s intense—over 2,600 kWh per square meter a year in spots. Wind’s wild too—coastal gusts hit 7-11 meters per second, just right for turbines.

    The government’s tossing in goodies. Tax breaks come from Law No. 13-09, and their energy agency, MASEN, kicks in subsidies. The U.S. Department of State calls Morocco steady, with trade deals like the U.S.-Morocco FTA. Europe’s so close you could sell power there. Why not give it a shot?

    Step 1: Poke Around the Market

    I’d start by nosing around. Solar or wind—which grabs you? Ouarzazate’s a monster solar setup at 580 MW. Tarfaya’s wind farm cranks out 300 MW. The Ministry of Energy says they’ve got 2,000 MW of solar and 1,500 MW of wind humming along by 2023.

    Who’s buying the juice? ONEE, Morocco’s power company, snaps it up with contracts. Demand’s creeping up—IRENA figures 4% a year. Big names like Siemens Gamesa and ACWA Power are in deep. What’s your play?

    Step 2: Jot Down a Plan

    I’d grab a coffee and sketch something out. Small gig under 2 MW or a hefty one over 10 MW? Small’s lighter on cash but a pain with rules. Big ones get MASEN’s help—more to spend upfront, though.

    Cash-wise, solar’s $0.8-1.2 million per MW, per the World Bank. Wind’s $1-1.5 million. Toss in land, gear, and folks to run it. ONEE pays $0.05-0.08 per kWh—shoot for 10-15% back. How much you got to throw in?

    Step 3: Tackle the Legal Junk

    I’d square away the boring stuff. Sign up with the Regional Investment Center—pretty straightforward. Need a license from the Ministry of Energy. Under 2 MW? Just let them know. Bigger? Apply and chill for 3-6 months.

    Nail a deal with ONEE to sell your power. MASEN’s the boss for big projects—stick to their playbook if you scale up. I’d grab a local lawyer—rules flip fast. Oh, and Law No. 13-09 lets you sell extra to the grid—cool, right?

    Step 4: Hunt Down Some Money

    Next, I’d chase the cash. Moroccan banks like Attijariwafa give loans at 4-6%—decent for green deals. AMDIE hooks you up with outside investors. The World Bank dropped $500 million in 2023 for stuff like this.

    Subsidies are clutch—MASEN covers up to 20% if you fit the bill. European Investment Bank’s got cheap loans too. I’d pitch some rich folks—flash that 2030 goal at them. Where you starting?

    Step 5: Build the Darn Thing

    Now, I’d get my hands dirty. Lease land—$1,000-5,000 a hectare a year. South’s prime for solar, like near Ouarzazate. Wind’s a coastal game—Essaouira’s got it. Grab Siemens turbines or JinkoSolar panels—they’re all over here.

    Local crews are cheap and know the lay of the land. MASEN says a 10 MW job takes 12-18 months. Test it, then ONEE checks you for the grid. I’d push to get it done quick—how about you?

    Step 6: Keep the Wheels Turning

    Once it’s rolling, I’d stay on it. Train some locals, $500-1,000 a month keeps them going. Solar spits out 1,800 kWh per MW a year, wind 2,500 kWh, says IRENA. Maintenance’s $20,000-50,000 per MW yearly.

    Keep an eye on it—ONEE pays every month. Dust screws solar—clean it or lose 5%. Wind blades need a peek twice a year. How you keeping it tight?

    Step 7: Go Bigger

    When it’s humming, I’d think growth. Dump profits back in—more panels, more turbines. Morocco’s hyped for green hydrogen by 2026—the African Development Bank’s tossing $1 billion at it. Europe’s a market too—1,000 MW exports by 2030.

    ACWA Power juiced Ouarzazate from 160 MW to 580 MW. Coal’s dying—demand’s jumping. What’s your next hustle?

    Watch Out for These Hiccups

    It’s not all smooth. Land fights trip things up—lock yours down fast. The World Bank says 30% of big projects snag on red tape. The dirham wiggles 5% a year against the dollar, keep that in mind.

    Weather’s quirky. Droughts shrink hydropower, boosting solar and wind needs. Dust storms down south mean more scrubbing. How you dodging these?

    Handy Stuff to Grab

    I’d snag some help. IRENA’s Morocco report’s got the numbers, free online. MASEN spills project and contract details. Ministry of Energy’s got forms ready to go.

    AMDIE’s investor shindigs happen yearly—good spot to chat. World Bank’s funding scoop is solid—grab the latest. What’s your first pick?

    So, What’s Your Call?

    Here’s the deal laid out. Morocco’s renewable scene is buzzing—solar and wind are hot, hydrogen’s coming. The government’s tossing in cash and rules. Big shots show it works.

    Pick your poison—small solar or big wind? Start sniffing around, sketch your plan, and move. The 2030 rush is closing in—beat the crowd. What you kicking off with?

    HAC Team
    HAC Team