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“Électricité de France” Doubles Its Investment in Morocco to 30 Billion Dirhams

June 5, 2024

“Électricité de France” (EDF) has decided to double its investments in Morocco, bringing the total to 30 billion Moroccan dirhams, equivalent to 3 billion dollars. This move underscores the company’s strong belief in Morocco’s vast potential in renewable energy, particularly in the promising field of green hydrogen, as EDF aims to establish itself as a global leader in this sector.

With a longstanding partnership dating back to the 1970s, EDF has already invested one billion dollars in various projects in Morocco, including wind and solar energy, electricity transmission, and technical support services. These investments have significantly contributed to the development of Morocco’s energy sector and bolstered its energy security.

Recognizing Morocco’s advantageous position in green hydrogen production due to its geographical location and abundant renewable resources, EDF acknowledges the country as one of the six nations worldwide with substantial capabilities in this field. It is poised to meet 4% of global demand for green hydrogen by 2030.

EDF’s investment focus in Morocco is squarely on supporting green hydrogen projects and advancing the country’s technological and production capabilities. The company aims to position Morocco as a regional hub for green hydrogen production, facilitating its export to European and international markets.
Part of EDF’s involvement in Morocco includes a significant project to transfer electricity generated from renewable sources between the southern and central regions via a high-voltage line with a capacity of 3 gigawatts, backed by investments totaling 18 billion Moroccan dirhams. Leveraging its extensive experience in energy transmission, EDF seeks to establish a vast infrastructure spanning over 1,400 kilometers.

Furthermore, EDF reaffirms its commitment to enhancing cooperation with Morocco across all aspects of renewable energy, with a focus on developing innovative projects that align with sustainability and environmental protection goals at both national and global levels.

As part of its offerings, EDF France extends the service of self-production of clean energy to Moroccan companies. This includes the installation of photovoltaic plants on roofs, unused areas, and parking lots, generating the equivalent of 7 GWh of clean electricity. This contribution covers approximately 20% of the energy needs of beneficiary companies and aids in reducing carbon dioxide emissions by about 3,000 tons per year.