Renewable Energy Gulf companies win slice of $32bn Morocco hydrogen projects By Pramod Kumar March 7, 2025, 9:04 AM Unsplash.com/Zbynek Burival Morocco has adopted an aggressive renewables strategy and has been developing a national hydrogen initiative since 2022 The Moroccan government has selected companies from the UAE and Saudi Arabia to help develop hydrogen projects worth MAD319 billion ($32 billion) in the country’s southern province, the prime minister’s office has announced. A government committee finalised five local and global investors to build six projects, said a statement from the office of Aziz Akhannouch, the prime minister. The committee selected a consortium of the Abu Dhabi National Energy Company (Taqa) and the Spanish energy company Cepsa to produce green ammonia and synthetic fuel, while Acwa Power of Saudi Arabia will invest in green steel manufacturing. Nareva, an energy company in Morocco wholly owned by Al Mada, the holding company of king Mohammed VI, will invest in a project to develop ammonia, industrial fuel and green steel production, the statement said. Morocco to invest $3bn in power projects over five years Acwa Power targets green hydrogen link to Europe Macron’s Morocco trip the catalyst for $11bn in deals The ORNX consortium, made up of Ortus Climate Mitigation of the United States, the Spanish multinational conglomerate Acciona and the German wind turbine company Nordex, will produce green ammonia. A Chinese consortium comprising UEG and China Three Gorges will establish ammonia production facilities. The selection process remains open to new investors who want to develop Morocco’s green hydrogen sector, local media reported. Morocco has adopted an aggressive renewables strategy and has been developing a national hydrogen initiative since 2022. The green hydrogen map shows the country expects a demand of up to 30 terawatt hours by 2030 and 307 TWh by 2050, which would require two gigawatts of renewable energy. The country will need $760 billion by 2050 to develop infrastructure such as pipelines, ports, desalination plants, storage and grid connections. In March 2024, Morocco launched new incentives to attract investors to green hydrogen projects.
