Locomotive of the national private energy production industry, TAQA Morocco is launching a new strategy for 2030 focusing on the diversification of its activities in renewable energies, low-carbon energy and water desalination. sea, in addition to a target of 1,000 MW of additional capacity and a 25% reduction in its carbon footprint by 2030 to contribute to the Kingdom’s ambitious energy transition strategy.
Reduce the carbon footprint by 25% by 2030. This is the objective set by TAQA Morocco through its new strategy which aims to make the first private electricity producer in the Kingdom a diversified operator in the renewable energy sector, low- carbon and seawater desalination.
Currently considered as the locomotive of the national private energy production industry, with 19% of the national installed capacity for nearly 40% of national production, TAQA Morocco, a Moroccan company listed on the Casablanca Stock Exchange, intends thus diversifying its activities to contribute to the Kingdom’s ambitious energy transition strategy, through the development of projects with a strong environmental and economic impact.
Four strategic axes have been defined to achieve this ambition: the diversification of the energy mix by producing secure and sustainable energy; participation in the development of a seawater desalination sector in line with the national roadmap and the significant reduction of TAQA Morocco’s carbon footprint to meet climate requirements. All while keeping the group on a path of sustainable growth.
Major projects for the next seven years
This diversification of activities will go through the development of projects in the renewable energy sector, with the acceleration of the deployment of the solar project at Noor PVII, with a capacity of 96 MW. In wind power, TAQA Morocco already has 100 MW of secure sites in the North and 600 MW in the pre-development phase in the South of the Kingdom. 200 MW are being prospected An integral part of the new strategy, TAQA Morocco also plans to position itself at the level of water desalination projects and to support the ambition of the Kingdom of Morocco for the development of combined cycle power plants. gas.
“We are determined to be a key player in the Kingdom’s energy transition strategy. Our industrial expertise in Morocco, our know-how in the development of large-scale projects, such as units 5 and 6 of Jorf Lasfar, completed in just three years instead of five, as well as our membership of the TAQA group, recognized worldwide for its expertise in renewable energies and desalination are all assets that will allow us to achieve our objectives and to be one of the players in the decarbonization of our country” declares Abdelmajid Iraqui Houssaini, Chairman of the Board of TAQA Morocco.
