Morocco and Finland signed a Memorandum of Understanding (MoU) on strategic cooperation at a virtual event on February 9, with a view to strengthening their cooperation in energy.
The MoU was signed by Finland’s Ambassador to Morocco Pekka Hyvonen, acting on behalf of Minister of Economic Affairs and Employment Mika Lintilä, and Leïla Benali, Morocco’s Minister of Energy Transition and Sustainable Development.
Both parties aim to develop technical and economic cooperation in this field, as well as promote access for Finnish companies on the Moroccan market.
This MoU aims to strengthen cooperation, specifically on the use of renewable energy as well as identify opportunities in the fields of energy efficiency, energy technology, the hydrogen economy, and cooperation in research and development.
“The energy cooperation signed today lay a good foundation for the development of the bilateral partnership,” said Mika Lintilä, adding, “It is an important tool for strengthening the networks between companies, universities, and research organizations, as well as creating closer commercial and investment links between our countries,” he stated.
Finland’s Minister of Economic Affairs and Employment said Investments in renewable energy, energy efficiency, and energy systems are important in a successful society.”
“Finland has developed strong expertise in these areas and we are pleased to begin practical cooperation with Morocco,” Lintilä added
Morocco has set the goal to reach over 52 % of the installed electrical capacity of renewable sources by 2030.
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