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Morocco’s first carmaker Neo Motors plans IPO to expand into EV production

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Moroccan carmaker Neo Motors, which begins selling the nation’s first homegrown automobile this month, is targeting a listing on the kingdom’s main stock exchange to expand into electric-vehicle production. Neo, co-founded in 2017 by Morocco’s now-communications and culture minister, is initially assembling 3,000 units a year of its de-but vehicle — a three-door passenger model […]

An international study underscores Morocco’s significant potential in the field of renewable energies

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An international study has emphasized Morocco’s substantial potential in renewable energy sources. This recognition underscores Morocco’s commitment to harnessing its renewable resources, such as solar and wind power. By capitalizing on its natural assets, Morocco can play a significant role in advancing clean energy initiatives, reducing carbon emissions, and contributing to a more sustainable global […]

Taqa Maroc sets up renewable energy subsidiary – EQ Mag

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Morocco’s largest private electricity producer, Taqa Maroc, has launched a renewable energy subsidiary to take care of its solar projects, Moroccan media said. UAE firm Taqa Maroc is listed on the Casablanca stock exchange and has reported a first quarter revenue of 4.09 billion dirhams, up 53.9% from last year as coal prices drop. It […]

IFC grants $70mln climate investment loan to Morocco’s soft drink maker – EQ Mag

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ECCBC will use the funds to reduce energy and water consumption across its operations International Finance Corporation (IFC), a World Bank member, will provide a €64 million ($70 million) loan to Morocco-based Equatorial Coca-Cola Bottling Company (ECCBC) to reduce its water and energy consumption across its operations in 13 countries in north and west Africa. […]

247Solar, Morocco’s Mohammed VI Polytechnic University to study solar-powered green hydrogen, ammonia technology – EQ Mag

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247Solar Inc., developer of breakthrough clean energy solutions for round-the-clock zero-carbon electricity and industrial-grade heat, today announced that it has signed a Memorandum of Understanding (MOU) with Morocco’s Mohammed VI Polytechnic University (UM6P) to study the production of Green Hydrogen and Ammonia powered by 247Solar’s innovative next-generation Concentrated Solar Power (CSP) and thermal energy storage […]

India’s ReNew Energy Global Eyes Morocco’s Green Hydrogen Market – EQ Mag

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Several Indian firms are interested in capitalizing on Morocco’s renewable energy potential. Rabat : Several Indian energy companies, including ReNew Energy Global and Engineers India, have expressed interest in exploring new hydrogen opportunities and energy projects in Africa and the Middle East, including Morocco. In an interview with Bloomberg, ReNew Energy’s chairman Sumant Sinha said […]

Morocco’s Green Energy Production Capacity ‘Can Decarbonize’ European Economy – EQ Mag

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Morocco has been garnering international attention in recent years for its ambitious green energy production plans. Rabat : Morocco has the potential to decarbonize the European economy, Morocco’s Delegate-Minister of Investment, Convergence and the Evaluation of Public Policies Mohcine Jazouli said. Speaking on the sidelines of Davos 2023 in Switzerland, Jazouli told Euronews that Morocco’s […]