A new strategic partnership strengthens Morocco’s ambitions in the field of renewable energy. The British company Sound Energy Plc and the Moroccan company Gaia Energy Ltd announced on Tuesday, June 17, the signing of an exclusive letter of intent to create a joint venture dedicated to developing 260 megawatts (MW) of solar capacity at several sites across the country.
This project plans to install photovoltaic facilities near electrical substations to ensure optimized access to the national medium-voltage grid, which is now open to private producers. Gaia Energy has already begun feasibility studies at around ten sites.
Upon formalization of the partnership, the future entity will be responsible for administrative procedures: obtaining connection rights, regulatory approvals, and negotiating electricity supply contracts.
While solar energy currently represents only about 7% of the national energy mix despite exceptional sunlight, this initiative aims to contribute to the Kingdom’s energy transition, whose installed capacity currently exceeds 11,500 MW—mostly from fossil sources.
Sound Energy, previously specialized in LNG and transition fuels, is thus making a shift towards renewables. Gaia Energy, already present in 15 countries, has a portfolio of 10,000 MW of projects at various stages. Their alliance confirms the growing interest in Morocco’s solar potential and the acceleration of private investment in the sector.