Connection

popular articles

Engie strengthens its position in Brazil with a major victory in the 2024 transmission auction
Arctech secures a 2.3 GW solar project in Saudi Arabia, surpassing 15 GW in the MEA region
The United States Suspends New Energy Efficiency Standards for Key Household Appliances
Green light for preparatory work on EPR2 reactors at Penly
The World Bank anticipates a historic drop in oil prices in 2025

Taqa Morocco moves towards a greener carbon footprint

Taqa Morocco has announced plans to invest $1.6 billion in renewable energy and water desalination projects in Morocco. The objective of these projects is to meet the growing demand for electricity in the country and to increase the share of renewable energy in the energy mix.
  • [favorite_button]

Please share:

Taqa Morocco, a subsidiary of Abu Dhabi National Energy Company (Taqa), has announced plans to invest $1.6 billion in renewable energy projects in Morocco. These projects include the construction of new solar power plants and seawater desalination facilities. These plans are part of Taqa Morocco’s strategy to increase the share of renewable energy in Morocco’s energy mix and meet the country’s growing demand for electricity.

Taqa Morocco’s strategy for 2030

Taqa Morocco revealed its ambitious plans at an energy seminar in Casablanca. Taqa Morocco chairman Abdul Majeed Eraqi said the company’s plans include building new solar power plants across the country. Some projects are already under construction in various parts of the country, and the company is also planning to build a 200 megawatt solar power plant. The total cost of these projects is estimated at approximately $1.6 billion.

A step towards Morocco’s goal

Taqa Morocco’s investment in renewable energy is an important step towards achieving Morocco’s goal of producing 52% of its energy mix from renewable sources by 2030. With Taqa Morocco’s ambitious plans, the country is well positioned to become a key player in the global shift to clean energy.

The company wants to reduce its carbon footprint

Founded in 1997, TAQA Morocco is the first private electricity producer in Morocco. Currently, the company operates the largest coal-fired power plant in Africa and the Middle East, located in the Jorf Lasfar region. Composed of six units, the plant has a combined generating capacity of 2056 megawatts. However, Taqa Morocco plans to expand its horizons by incorporating cleaner energy sources, such as gas and renewables, starting in 2023 to reduce its carbon footprint.

A commitment to solving water shortages

In addition to its intention to invest in renewable energy projects in Morocco, TAQA Morocco has revealed that it intends to address the country’s water shortage by participating in the development of combined cycle plants in coastal cities. These initiatives align with the government’s desalination goals. To finance these efforts, TAQA Maroc will use its own resources, as well as debt financing, and will create subsidiaries to oversee proposed projects. This new strategy demonstrates the company’s commitment to sustainable development and its role in driving positive change in the energy and water sectors in Morocco.

Register free of charge for uninterrupted access.

Publicite

Latest news

India’s coal-fired electricity generation drops 9.5% in May, steepest decline in five years
Pine Gate signs 586 MW deal with Waaree for US-made solar modules
CIB grants $97mn loan for Wedgeport Wind Farm in Nova Scotia
NANO Nuclear strengthens its board with former U.S. Department of Energy official
US crude oil inventories fall by 4.3 million barrels

Recently published in

CMS Energy launches debt repurchase offer for $125 million

CMS Energy Corporation has announced a cash tender offer for debt securities totalling $125 million, issued by Consumers Energy. The offer expires on July 3, 2025, with priority given to bonds submitted before June 17, 2025.
Vermilion Energy sells U.S. assets for $87.88mn and adjusts its forecasts
Vermilion Energy is exiting the U.S. market permanently by selling its assets for C$120mn ($87.88mn), refocusing its operations on Canada and Europe while reducing its debt and investment budget.
en_1140290986540
Vermilion Energy sells U.S. assets for $87.88mn and adjusts its forecasts
Vermilion Energy is exiting the U.S. market permanently by selling its assets for C$120mn ($87.88mn), refocusing its operations on Canada and Europe while reducing its debt and investment budget.
en_1140290986540
Eni Pays €8.4 Billion to Energy-Producing Countries in 2024
In 2024, Italian energy giant Eni paid approximately €8.4 billion to various global governments. These payments, primarily concentrated in Africa and Asia, reflect its commitments in the international energy sector.
Design-sans-titre-311-768x364
Eni Pays €8.4 Billion to Energy-Producing Countries in 2024
In 2024, Italian energy giant Eni paid approximately €8.4 billion to various global governments. These payments, primarily concentrated in Africa and Asia, reflect its commitments in the international energy sector.
Design-sans-titre-311-768x364
Global energy investment to reach record $3.3tn in 2025, says IEA
The International Energy Agency projects a record-high global energy investment in 2025, driven by electricity and low-carbon technologies despite geopolitical and economic uncertainty.
en_1140290976540
Global energy investment to reach record $3.3tn in 2025, says IEA
The International Energy Agency projects a record-high global energy investment in 2025, driven by electricity and low-carbon technologies despite geopolitical and economic uncertainty.
en_1140290976540

Suspicion of Collusion: Formal Investigation Launched into Czech Energy Auction

The Czech regulatory authority launches an investigation into suspected collusion involving several major actors in the awarding of a thermal power plant, putting transparency of a strategic transaction for the energy sector at stake.
DR Congo replaces cobalt export ban with quota system
The Democratic Republic of Congo is set to replace its temporary ban on cobalt hydroxide exports with quotas, aiming to balance global demand, secure revenue, and stabilize market fluctuations.
en_1140290952540-4
DR Congo replaces cobalt export ban with quota system
The Democratic Republic of Congo is set to replace its temporary ban on cobalt hydroxide exports with quotas, aiming to balance global demand, secure revenue, and stabilize market fluctuations.
en_1140290952540-4
European Energy secures EUR 145mn loan for wind and solar projects in Lithuania
European Energy secured EUR 145mn in financing from SEB and Swedbank to support wind, solar, and storage assets in Lithuania, reinforcing its regional expansion strategy.
en_1140290948540-4
European Energy secures EUR 145mn loan for wind and solar projects in Lithuania
European Energy secured EUR 145mn in financing from SEB and Swedbank to support wind, solar, and storage assets in Lithuania, reinforcing its regional expansion strategy.
en_1140290948540-4
Greenvolt sells 231 MW of energy projects in Spain to Transiziona for €195mn
Greenvolt Group finalised the sale of 28 solar and wind projects to Transiziona, valued at €195mn, bringing total asset sales to €530mn in 2025 as part of its pan-European strategy.
en_1140290959540-4
Greenvolt sells 231 MW of energy projects in Spain to Transiziona for €195mn
Greenvolt Group finalised the sale of 28 solar and wind projects to Transiziona, valued at €195mn, bringing total asset sales to €530mn in 2025 as part of its pan-European strategy.
en_1140290959540-4

Aegis Vopak Terminals goes public in Mumbai with €2.7bn valuation

Royal Vopak’s Indian joint venture rose nearly 3% on its first trading day in Mumbai, reaching an implied valuation of €2.7bn ($2.93bn).
Davidson Kempner acquires Swire Energy Services to strengthen offshore presence
US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.
en_1140290959540-2
Davidson Kempner acquires Swire Energy Services to strengthen offshore presence
US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.
en_1140290959540-2
ACWA Power to invest up to $10 billion in Malaysia for energy projects
Saudi-based ACWA Power has signed strategic agreements in Malaysia to develop up to 12.5 GW of energy capacity by 2040, with a potential investment of $10 billion.
en_1140290949540-16
ACWA Power to invest up to $10 billion in Malaysia for energy projects
Saudi-based ACWA Power has signed strategic agreements in Malaysia to develop up to 12.5 GW of energy capacity by 2040, with a potential investment of $10 billion.
en_1140290949540-16
Fusion Fuel plans £50mn strategic acquisition in UK fuel distribution
Fusion Fuel Green has signed a preliminary agreement to acquire a private UK-based fuel distribution company generating $58mn in revenue, through a £50mn debt-equity structured transaction.
en_1140290955540-15
Fusion Fuel plans £50mn strategic acquisition in UK fuel distribution
Fusion Fuel Green has signed a preliminary agreement to acquire a private UK-based fuel distribution company generating $58mn in revenue, through a £50mn debt-equity structured transaction.
en_1140290955540-15

ExxonMobil enters exclusive talks to sell its stake in Esso S.A.F.

ExxonMobil plans to sell its 82.89% stake in Esso S.A.F. to North Atlantic France, valuing shares based on €1.49bn cash holdings and a price subject to several adjustments.
TotalEnergies maintains its strategy despite economic pressures and activism
Patrick Pouyanné reassures shareholders by confirming TotalEnergies' strategic direction, combining hydrocarbons and low-carbon electricity, despite an unstable economic environment and climate activist protests in Paris.
en_1140290954540-11
TotalEnergies maintains its strategy despite economic pressures and activism
Patrick Pouyanné reassures shareholders by confirming TotalEnergies' strategic direction, combining hydrocarbons and low-carbon electricity, despite an unstable economic environment and climate activist protests in Paris.
en_1140290954540-11
SSE invests £2.9bn in infrastructure and reports stable profit for 2024/25
UK-based SSE recorded an adjusted operating profit of £2.42bn for fiscal year 2024/25, supported by record investments in networks and renewable energy.
en_1140290944540-11
SSE invests £2.9bn in infrastructure and reports stable profit for 2024/25
UK-based SSE recorded an adjusted operating profit of £2.42bn for fiscal year 2024/25, supported by record investments in networks and renewable energy.
en_1140290944540-11
Iberdrola acquires Electra del Maestrazgo’s electricity network to strengthen investments
Iberdrola has signed an agreement to acquire the distribution, supply and energy generation activities of Electra del Maestrazgo, a family-owned company operating in Castellón and Teruel, for an undisclosed amount.
en_1140290950540-10
Iberdrola acquires Electra del Maestrazgo’s electricity network to strengthen investments
Iberdrola has signed an agreement to acquire the distribution, supply and energy generation activities of Electra del Maestrazgo, a family-owned company operating in Castellón and Teruel, for an undisclosed amount.
en_1140290950540-10

John Bryson, former CEO of Edison International, dies at 81 after a landmark career

John Bryson, a key figure in the American energy sector, has died at the age of 81. The former CEO of Edison International played a decisive role during California’s electricity crisis.
New York approves $5 billion plan for electrification and energy efficiency
New York state regulators have approved a $5 billion budget for energy efficiency and electrification programmes, set to launch on January 1, 2026.
en_1140291010540
New York approves $5 billion plan for electrification and energy efficiency
New York state regulators have approved a $5 billion budget for energy efficiency and electrification programmes, set to launch on January 1, 2026.
en_1140291010540
Aircela launches a machine that produces gasoline from air and electricity
Aircela has introduced a unit capable of producing gasoline directly from air, water, and renewable electricity, without using fossil resources.
en_1140290946540-9
Aircela launches a machine that produces gasoline from air and electricity
Aircela has introduced a unit capable of producing gasoline directly from air, water, and renewable electricity, without using fossil resources.
en_1140290946540-9
Sustainability Partners takes control of Ecofin’s renewable assets in the United States
Sustainability Partners will now manage the operational oversight of Ecofin’s U.S. portfolio, comprising solar and wind projects under contract with investment-grade electricity providers.
en_1140290943540-9
Sustainability Partners takes control of Ecofin’s renewable assets in the United States
Sustainability Partners will now manage the operational oversight of Ecofin’s U.S. portfolio, comprising solar and wind projects under contract with investment-grade electricity providers.
en_1140290943540-9

Eni sells 20% of Plenitude to Ares in $13bn valuation deal

Italian group Eni enters exclusive talks with Ares to sell a minority stake in Plenitude as part of a targeted funding strategy for its low-carbon subsidiaries.
SBM Offshore reports 27% revenue growth in the first quarter of 2025
SBM Offshore posted quarterly revenue of $1,103mn, driven by the Turnkey segment, while maintaining full-year targets and advancing the deployment of its floating units scheduled for 2025.
en_1140290961540-6
SBM Offshore reports 27% revenue growth in the first quarter of 2025
SBM Offshore posted quarterly revenue of $1,103mn, driven by the Turnkey segment, while maintaining full-year targets and advancing the deployment of its floating units scheduled for 2025.
en_1140290961540-6
Shell reports over $28bn in payments to governments in 2024
Shell paid $28.1bn to governments in 2024 for its extractive activities, with major flows reported in Nigeria, Malaysia and Oman, according to its regulatory disclosure in the United Kingdom.
en_1140290962540-4
Shell reports over $28bn in payments to governments in 2024
Shell paid $28.1bn to governments in 2024 for its extractive activities, with major flows reported in Nigeria, Malaysia and Oman, according to its regulatory disclosure in the United Kingdom.
en_1140290962540-4
CGN Brasil to invest $578mn in multi-energy hub in Piauí
CGN Brasil and the government of Piauí have signed an agreement to develop a 1.4 GW energy complex combining solar, wind and storage, with a planned investment of $578mn.
en_1140290961540-5
CGN Brasil to invest $578mn in multi-energy hub in Piauí
CGN Brasil and the government of Piauí have signed an agreement to develop a 1.4 GW energy complex combining solar, wind and storage, with a planned investment of $578mn.
en_1140290961540-5

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS