Morocco, thanks to the enlightened vision of His Majesty King Mohammed VI, has all the assets to be a pioneer in the field of green hydrogen, affirmed the president of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso.
“The Kingdom, with its forward-looking strategy in renewable energies and a clear ambition, has a lot of potential to become a pioneer in the green hydrogen sector,” said Ms. Renaud-Basso in an interview with MAP, on the sidelines of the Africa Investment Forum (AIF) taking place until December 6 in Rabat.
Emphasizing the role played by OCP in operating in the green hydrogen market, the EBRD president estimated that this sector could develop quite strategically.
She added: “Morocco, which is facing a drought situation, is also very advanced in seawater desalination.”
Through innovative financing, the EBRD funds investments in wind and solar energy and green hydrogen, Ms. Renaud-Basso noted, reiterating the Bank’s commitment to support Morocco in its strategy for decarbonizing the economy.
In terms of developing private investment, the Kingdom, through the Mohammed VI Fund for Investment, has developed tools to finance equity investments throughout the economic fabric.
According to Ms. Renaud-Basso, these initiatives should support Morocco’s long-term growth strategy.