Rabat – Morocco’s head of government Aziz Akhannouch announced today in Rabat the implementation of the “Morocco Offer” project, which aims to develop the country’s green hydrogen industry.
According to a press release issued by the government, the project is a “realistic and incentive-based offer” that covers the entire value chain of the industry and satisfies investment demands to establish the Kingdom as a “competitive player in this promising sector.”
The government’s decision highlights the steps involved in implementing the “Morocco Offer,” initiative, the resources that the country has allocated to make sure the project is implemented successfully, and the responsibilities of the many parties involved, the same source added.
This six-part offer provides investors with a clear vision through a thorough, practical, and transparent approach. These parts include the scope of application of the “Morocco Offer,” project, mobilizing land to implement the project, and the necessary infrastructure to develop the green hydrogen sector.
The other parts involve the incentive measures in the project, the process of selecting investors and concluding contracts, and the governance of the green hydrogen sector.
Green hydrogen is anticipated to play a pivotal role in this change, serving as a primary energy vector and propelling the Kingdom’s energy transition and sustainable growth. Given the problems Morocco faces in the areas of technology, the environment, social issues, and the economy, this growing industry will likewise mark a significant turning point.
In the same vein, “Morocco Offer” refers to integrated projects. They span from the production of power through electrolysis and renewable energy sources to the conversion of green hydrogen, ammonia, methanol, and synthetic fuels, together with associated logistics, the press release explained.
In addition, the initiative seeks to draw investors or investor groups with an interest in manufacturing green hydrogen and its byproducts for export, local consumption, or both. Nearly 100 domestic and foreign investors have shown a significant and active interest in Morocco’s ability to produce green hydrogen, confirming the country’s enormous potential in this area.
Regarding the significance of land in the development of the hydrogen industry, Morocco has designated one million hectares of public land.
Depending on the magnitude of the anticipated projects, investors will receive 300,000 hectares in the first stage in the form of land parcels ranging from 10,000 to 30,000 hectares. Inside a legally binding framework, the country will ensure the proper use and protection of public land.
Along with incentives and other forms of assistance for project holders, the “Morocco Offer” is also predicated on a competitive infrastructure that is designed, implemented, developed, and maintained in accordance with the highest international standards and the requirements of the green hydrogen sector.
The implementation of the green hydrogen project comes in response to the high royal directives, which aim to meet the expectations of prominent international investors in this promising field, expedite the implementation of “Morocco Offer” in the green hydrogen sector, ensure that quality requirements are met, and capitalize on the country’s significant potential in this area.
The monarch’s astute vision enables the North African country to take center stage in the development of renewable energies both continentally and globally, the press release concluded.
Read also: US, Morocco Sign Action Plan to Boost Cooperation Against Climate Challenges
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