Morocco is betting on green hydrogen by allocating 1 million hectares of land for this purpose
Morocco is trying to attract investment in green hydrogen by allocating 1 million hectares of public land to projects, the government said on Monday . The first phase of the development of the hydrogen projects will include providing investors with a total of 300,000 hectares of land parcels ranging from 10,000 to 30,000 hectares, depending on the size of the planned projects, Morocco said.
The so-called “Morocco Offer” to stimulate the development of green hydrogen is also based on a competitive infrastructure that is planned, deployed, developed and maintained according to the best international standards and the needs of the green hydrogen industry, as well as incentives and support measures for project owners, the North African country said.
Morocco could “play an important role in the field of energy transition at a global level”, according to the Government. Thanks to abundant year-round sunlight, Morocco has become a major producer of solar energy. It is also seeking to increase the supply of clean energy to Europe, given its proximity to the EU, which has set very ambitious targets for clean energy, emissions reduction and net zero.
Located on Europe's doorstep and with ambitions to generate 52% of electricity from renewable sources by 2030, Morocco has emerged as a promising energy partner . Morocco is also home to the world's largest concentrated solar project, the Noor Ouarzazate solar complex, with over 500 megawatts (MW) of capacity.
Noor Ouarzazate
The country is now trying to attract investment in green hydrogen, which is produced by splitting water through electrolysis using a renewable energy source.
As heavy industry and governments pin their hopes on hydrogen for faster decarbonization, and power generation companies and oil and gas majors seek to diversify into low-carbon hydrogen production, the costs are still high for the production of green hydrogen and are holding back the massive deployment of projects, analysts say.
Analysts, including the International Energy Agency (IEA) – a staunch supporter of all things green – recognize that costs need to be reduced significantly if clean hydrogen is to play a major role in the transition energy.
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The article Morocco bets on green hydrogen by allocating 1 million hectares of land for this purpose comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/il-marocco-scommette-sullidrogeno-verde-destinando-1-milione-di-ettari-di-terreno-a-questo-scopo/ on Tue, 12 Mar 2024 07:00:44 +0000.