Morocco continues to establish itself as one of the major hubs for foreign investment in renewable energy, while navigating a delicate technological turning point. Two international reports present a contrasting picture: exceptional financial attractiveness, driven by wind and photovoltaic energy, but also the limitations of concentrated solar power (CSP) technology, which is showing signs of fragility.
The investment dynamic remains impressive. Between 2003 and 2024, over $38 billion has flowed into renewable energy projects in Morocco, making the Kingdom the second most attractive destination in the Arab world. This capital has enabled the launch of 55 projects, led by 32 companies, and the creation of more than 12,000 jobs. The country even dominates wind energy in the region, accounting for 42% of Arab production, supported by iconic sites like Tarfaya, Midelt, and the Noor complex.
This position is also reflected in regional exchanges. In 2024, Morocco ranks among the top Arab electricity exporters, with over $30 million, and also holds a significant position in the import of equipment related to the sector. This integration confirms that the Kingdom is no longer just a market but an established player in the Arab energy value chains.
This attractiveness is based on a clearly stated national strategy: to exceed 52% renewable energy in the electrical mix by 2030. The forecasted figures indicate a trajectory already well underway. By 2025, production is expected to reach 43.1 TWh, with nearly a third coming from green sources: 22.5% from wind, 8.6% from solar, and 2.8% from hydropower.
However, this rise in capacity is now accompanied by a technological repositioning. The joint IRENA-CPI report highlights the challenges faced by CSP, long considered the spearhead of Moroccan innovation. The case of the Noor Ouarzazate complex is emblematic: in 2024, repeated breakdowns caused a prolonged shutdown of nine months, resulting in estimated losses of $47 million. This demonstrates the limitations of a costly, sensitive technology that is now losing ground globally.
As a result, Morocco is adjusting its model. Noor Midelt I, originally designed as a hybrid CSP-PV project, has been reconfigured as a photovoltaic site with battery storage. Phases 2 and 3 are following the same direction. This movement is not isolated: international investments in CSP have decreased by 32% in 2024, forcing many countries—including Morocco—to reassess their strategies.
This transition continues to rely heavily on support from climate funds and development banks, which have significantly contributed to financing major solar projects. However, the new technological choices require more flexible financial mechanisms tailored to the needs of photovoltaic technology coupled with storage.
Despite these adjustments, Morocco maintains a central role in the regional energy transition. By focusing on wind, solar PV, and an increased diversification of its mix, the Kingdom continues to consolidate its status as an energy and green innovation platform in the Arab world.