Aziz Akhannouch: “We’ve Selected 5 Investors in the Green Hydrogen Sector Transparently, and This Strengthens Development Aligned with His Majesty the King’s Vision” (Video)

As part of strengthening Morocco’s position as a leading country in the field of green hydrogen, Prime Minister Aziz Akhannouch chaired a steering committee meeting on Thursday in Rabat to implement the “Morocco Offer” in this promising sector, in line with the royal vision of His Majesty King Mohammed VI.

During the meeting, the announcement was made about the selection of five local and international investors to carry out six major projects in the southern regions of the kingdom, with a total cost of 319 billion dirhams. Preparations were also made to begin negotiations with these investors after completing the selection process according to a scientific and transparent methodology that ensures a balanced partnership with the kingdom.

The list of investors includes prominent global companies in the green hydrogen sector, such as the “ORNX” alliance, which consists of the American company “Ortos,” the Spanish company “Acciona,” and the German company “Nordex,” which will invest in ammonia production. Additionally, another alliance was selected, including the Emirati company “Taqa,” the Spanish company “Cepsa,” and the Moroccan company “Nareva,” which will handle the production of ammonia, synthetic fuel, and green steel. Furthermore, the Saudi company “ACWA Power” plans to invest in ammonia production, along with a Chinese alliance comprising the companies “UEG” and “China Three Gorges.”

Aziz Akhannouch emphasized that the government continues its efforts to implement the “Morocco Offer” in the green hydrogen sector with great precision, in line with the royal directives outlined by His Majesty the King in the Throne Speech on July 29, 2023, which called for accelerating the implementation of this offer while ensuring high-quality execution. He also stressed the importance of leveraging the kingdom’s natural resources and attracting global investments.

Regarding the sites designated for these projects, lands have been identified, covering an area of 30,000 hectares per project at most, and preliminary contracts will be signed to reserve these lands. The state will also work to ensure the protection of public lands through a precise contractual framework.

These projects complement agreements signed during French President Emmanuel Macron’s visit to Morocco in October 2024, with the “Total Energies” group and “Engie” company to develop the green hydrogen sector. The selection of projects under the “Morocco Offer” remains open to investors, reflecting the positive momentum the kingdom is experiencing in the green hydrogen sector.

The meeting was attended by several ministers and officials, including Abdelouafi Laftit, Minister of the Interior, Nizar Baraka, Minister of Equipment and Water, Ryad Mezzour, Minister of Industry and Commerce, Karim Zidan, Minister Delegate in Charge of Investment, Fawzi Lekjaa, Minister Delegate in Charge of the Budget, and Tarek Mofaddel, CEO of the Moroccan Agency for Sustainable Energy (MASEN).

Source: Fes News Media

About Mansouri abdelkader