TAQA Morocco, the Moroccan subsidiary of Abu Dhabi National Energy Company, has announced its plan to invest US$1.6 billion in renewable energy projects by the end of the decade. The company's new strategy will involve the deployment of 1,000 MW of renewable energy projects to reduce its carbon footprint by 25%. This move is part of the company's wider efforts to expand its renewable energy capacity and reduce its dependence on fossil fuels.
TAQA Morocco's investment plan includes 100 MW of wind energy in the north and 600 MW of wind energy in the pre-development stage in the south of the country. The company is also searching for suitable locations to install an additional 200 MW of turbines. Additionally, TAQA Morocco plans to launch two renewable energy projects with a total capacity of 200 MW, one desalination project, and two other low-carbon projects in 2023.
TAQA Morocco currently operates North Africa's largest coal-fired power plant, with a capacity of 2 GW, located near Casablanca.
