Morocco Sunshine Energy Storage Power Supply Price

Are fuel and electricity prices stable in Morocco?

Fuel and electricity prices in Morocco remained stable between 2022 and 2023. Fuel prices were completely deregulated in 2015. Oil accounts for nearly 54% of total energy consumption, while coal accounts for 31%. Electricity demand is expected to increase by 6%/year by 2030 to 80 TWh.

How much energy does Morocco need in 2023?

In 2023, per capita energy consumption was 0.6 toe (compared to 0.9 toe in Egypt, 1.5 toe in Algeria, and 0.94 toe in Tunisia), including around 980 kWh of electricity (35% below the North Africa average). According to the MTEDD, the country's energy needs will more than triple by 2030. Morocco aims to cover 52% of capacity from renewables in 2030.

What is the future of energy in Morocco?

Oil accounts for nearly 54% of total energy consumption, while coal accounts for 31%. Electricity demand is expected to increase by 6%/year by 2030 to 80 TWh. Morocco has committed to a large number of renewable projects and is positioning itself as a pioneering African player in green hydrogen.

Will Morocco generate 70% of its electricity from renewables in 2050?

In its new Low Carbon Development Strategy for 2050, Morocco aims to generate 70% of its electricity from renewables in 2040 and 80% in 2050. Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO 2 emissions.