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Morocco Renewable Energy Industry Market Report (Solar, Wind)

Updated: Jun 3

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).

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