The National Office of Electricity and Drinking Water (ONEE), Electricity branch, announces a historic investment plan of 120 billion dirhams for the period 2025-2030, aimed at supporting the increase in electricity demand and accelerating the transition to an energy mix dominated by renewables.
15,672 megawatts of additional capacity are planned, of which nearly 80% will come from renewable energy. Wind energy alone will attract 57.7 billion dirhams for 4,979 MW, followed by solar with 5,616 MW for 33 billion, and hydroelectric power at 350 MW. Thermal projects are maintained at 3,227 MW for nearly 20 billion dirhams, while 1,500 MW of storage capacity will be developed for 5.7 billion.
A dynamic reinforced by securitization
To support this ambitious program, the Office intends to diversify its sources of financing, notably through a securitization operation of 2.5 billion dirhams. Through the “FT Power Grid” fund, ONEE will sell commercial receivables from its large account clients to strengthen its cash flow.
A goal: exceed 52% of renewables by 2026
The objective is clear: to raise the share of renewable energy to 56% of installed capacity by 2027, ahead of the commitments made in the national energy strategy. By the end of 2024, renewables already represent more than 45% of installed capacity, compared to 37% three years earlier.
In addition to energy security and reducing dependence on fossil fuels, this scaling up responds to the imperatives of decarbonizing the Moroccan economy, in an international context marked by instability in energy markets.
With this plan, ONEE aims to achieve and even exceed the 2030 targets, while supporting the energy sovereignty and competitiveness of the Kingdom.
With Le Matin