BOOMING SOLAR CLIMATE IN MOROCCO
In the transition to cleaner energy sources, such as the use of solar energy in desert areas, real business opportunities are becoming ever more recognizable in Morocco. Mohammed VI, King of the Maghreb region is very clear on the fact that he wants Morocco to occupy a pinnacle position as to his neighbouring countries in Northern Africa. For this reason, he has launched an ambitious project which consists of the construction of five large scale solar plants. This initiative shall secure his regions place as one of the foremost produces of renewable energy 10 years from now.
Oil producers monopolized the energy sector causing constant fluctuations in oil prices during the last decade causing a snowball effect and we have been forced into a sort of spectatorship unable to act upon or against this movement.
Inevitably times change and with this change, a Green Revolution has been born. The opportunity of investing in Morocco, for its proximity to Spain and its competitive costs, should not go unnoticed in anyone’s investment development.
Renewable energy projects are diverse as they offer the opportunity for solar engineering companies and engineering and procurement companies to take part in the same project, combining expertise to create a renewable climate. Forum-Development can pave the way for companies’ intent on taking advantage of the Maghreb conditions and provide the necessary assistance required as we have experience in managing both types of fields.
Contact us and our advisors will be sure to assist you in order for you to reach your objectives.