Seven new renewable energy projects have been greenlit in the region of Tangier-Tetouane-Al Hoceima, with a total investment value exceeding 20 billion dirhams.
The projects, approved by the Unified Regional Investment Committee (URIC), constitute about 72% of the total number of investments approved in the first quarter of 2025, according to sources who spoke to Hespress AR.
The surge in the area’s investment activity reflects a well-established trend, as the region previously registered an 18% increase in investments compared to the same period of 2024, according to numbers obtained two months ago by Hespress AR from the Regional Investment Center.
The seven ventures will be located in various northern provinces: Tangier, Tetouan, Fahs-Anjra, M’diq-Fnideq, and Ouazzane, revealed the same sources.
The investments are backed by the National Office of Electricity and Drinking Water (ONEE), the Moroccan Agency for Sustainable Energy (Masen), Taqa Morocco, and GreenPower Morocco.
By focusing on solar and wind energy, led by actors from both the public and private sectors, the seven projects aim to expand energy sources and boost the competitiveness of Moroccan companies internationally, especially under carbon tax regulations.
These investments are expected to deliver a combined production capacity of 2200 megawatts, significantly supporting Morocco’s efforts to meet the renewable energy target of 12,900 megawatts by 2030, as outlined in the 2009 National Energy Strategy.
The projects, supported by the Tangier-Tetouane-Al Hoceima region’s strategic location and its advanced infrastructure, align perfectly with the broader Royal vision for investment, as per Hespress AR sources.
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