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Renpower Morocco
April 21, 2020 @ 8:00 am - 5:00 pm
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Euroconvention Global is pleased to announce its next event: RENPOWER MOROCCO – The 2nd Renewable Energy, Power Infrastructure & Energy Efficiency Investors Conference
Date: 21 April 2020
City: Rabat, Morocco
Attending: Key stakeholders including representatives from the government, International Finance Institutions (IFIs), policy makers, international and local developers, EPC contractors, independent power producers, engineering, legal and advisory services, manufacturers, banking and private equity entities.
Background: Morocco has already taken important steps to develop a modern energy market, setting clear renewable energy targets, establishing dedicated institutions to implement the national programs, further opening and reforming the power sector and facilitating the necessary regulatory environment and access to finance.
The government, along with the relevant stakeholders, is working on increasing its RES capacity, aiming at 42% of its energy mix through renewables at the end of this year and 52 % by 2030. Several solar energy and wind power projects are in the pipeline or at a planning stage, along with a few hydroelectric energy plants. Meeting the growing internal energy demand and reducing the country’s external energy dependence is still a key objective. Furthermore, energy efficiency projects in transport, constructions, public administration and industry are expected to be initiated and developed.
As the electrical power industry in Morocco is facing challenges involved with sustained growth of demand, added to environmental protection requirements, smart grid technology holds a great promise for a cleaner and more efficient power. On the other hand, off-grid solutions and advanced storage systems, along with management service and expertise are important keys for the success of the electrification in the country vast remote and rural areas.
The potential of the RES development in the next decade, combined with an investors-friendly environment, will keep providing numerous business opportunities for investors, developers, technology providers and consultants in the sector.
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