top of page

Morocco Renewable Energy Industry Market Report (Solar, Wind)

Updated: Aug 5, 2024


Morocco Renewable Energy Industry Market Report (Solar, Wind)

The renewable energy industry in Morocco is a crucial component of the national strategy for sustainable development and energy independence. As of 2023, the renewable energy sector is valued at approximately USD 6 billion, with solar and wind energy being the primary components (source: Moroccan Agency for Sustainable Energy - MASEN).


The sector has seen an annual growth rate of 12% over the past five years, driven by government initiatives, foreign investments, and technological advancements. Morocco's GDP stood at USD 124 billion in 2022, with the renewable energy sector accounting for about 5% of the total (source: World Bank).


              Want to read more?

              Subscribe to thetradeadviser.com to keep reading this exclusive post.

              UNLIMTED ACCESS 

              Subscribe today and we will send you weekly tips, market updates, and expert advice to help you grow your business internationally.

              We'll tackle those tricky import/export challenges together!

              Industry Reports. Checklists. Weekly Updates

              bottom of page