Morocco wants 42 percent renewables by 2020

Morocco wants 42 percent renewables

Morocco wants 42 percent renewablesIf you think that solar energy is just fad dedicated to rich nations, read on : Morocco  has a ” goal of increasing installed renewable energy capacity to 42 per cent by 2020 and becoming a renewable energy industry leader. “

The African Development Bank Group has been demonstrating its support to scaling up renewable energy in Africa with the approval of US $800 million in loans to spur private investment in Morocco’s growing wind and solar markets.

This has translated into building a 500MW concentrated solar plant in Ouarzazate. This would be then the largest of its kind not only in Africa but also in the world. Source: Morocco on the Move.

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