
Moroccan-Israeli Energy Firms Ink $1.3 Billion Green Investment Deal
The Moroccan company Gaia Energy and its Israeli counterpart Gandyr, two companies specializing in renewable energies, signed on Thursday in Casablanca a cooperation agreement.

The Moroccan company Gaia Energy and its Israeli counterpart Gandyr, two companies specializing in renewable energies, signed on Thursday in Casablanca a cooperation agreement.

At the initiative of the French investment bank Bpi France, more than fifteen French companies are staying in Casablanca from February 21 to 25, to explore opportunities related to green energies and diversify their clientele in Morocco.

The National Office of Electricity and Drinking Water (ONEE) will soon be equipped with an automated inspection platform for electricity transmission lines, based on the use of drones and image processing.

The President of the European Commission, Ursula von der Leyen, announced on Wednesday that the European Union will invest €1.6 billion to support Morocco’s efforts in its energy and digital transformation.

Morocco has decided to raise its ambitions set in terms of renewable energies , to exceed the current target of 52% of the national electricity mix before 2030.

For the next 30 years, Morocco wants to focus on the green economy to make its economy more competitive . A roadmap has been presented to the United Nations in this regard.

Since yesterday, Saturday, January 1st, the Moroccan high-speed train, Al Boraq , is gradually switching to green energy. The aim is to replace the electrical consumption of the national rail network with clean energy.

The British company Xlinks, which is carrying the project of submarine electrical interconnection between southern Morocco and the United Kingdom, is active. It has launched a tender for marine geophysical and geotechnical studies.

The closure of borders and the tightening of restrictive measures have severely affected the drilling activities of the energy company SDX Energy PLC.

Already established in Fez, the Alstom company has announced new investments, with the creation of a new production line, which will be operational in early 2023.

One month after the closure of the Maghreb-Europe gas pipeline crossing Morocco, the price of liquefied natural gas (LNG) has increased by 50% in Spain, reaching 100 euros/MWh at the end of November compared to 66 euros/MWh a month earlier.

Will Spain be able to cope with a disruption in gas supply from Algeria? This is what the deputies of the Congress want to know, and they have addressed a series of questions to the government on this subject.