Morocco and Portugal inked a joint declaration on an electricity interconnection project on the sidelines of the UN Framework Convention on Climate Change (COP28) on Saturday in Dubai, according to MAP.
The declaration seeks to fortify renewable energy development strategies between Rabat and Lisbon and explore opportunities for energy exchange between the African and European continents.
The agreement also envisaged advancing dialogue to ensure a resilient and inclusive energy transition that aligns with global objectives regarding sustainable development and climate change.
This includes encouraging renewable energy use and speeding up the implementation of strategic projects of mutual interest, including the countries’ electricity interconnection project.
Rabat and Lisbon, as strategic crossroads between Europe and Africa, aim to address energy transition challenges collaboratively.
They seek to boost the integration of electricity markets in an international context characterized by market volatility and supply chain instability for energy products.
The signing ceremony was attended by Morocco’s Minister of Energy Transition and Sustainable Development and the Portuguese Minister of Environment and Climate Action, Duarte Cordeir.
In this regard, Benali underscored that the electricity interconnection project between the two countries is paramount for the European and African continents.
She added that the joint declaration envisages updating technical studies and evaluating the global financial cost of the project at the international level.
Portugal’s Minister of Environment and Climate Action emphasized, in his part, that the two countries have aligned strategies for the development of renewable energy and green hydrogen.
He added that establishing an electricity network between Lisbon and Rabat will help reduce Europe’s material character.
Morocco’s commitment to global concerns, including climate change, as well as the strength and efficacy of its institutions, makes the Kingdom a reliable partner of the European Union.
It’s worth noting that the diplomatic ties between Portugal and Morocco are strong at various levels.
Last May, the meeting between Morocco’s head of government Aziz Akhannouch, and the Portuguese Prime Minister, António Costa, led to the signing of 12 agreements, strengthening their bilateral cooperation.
The agreements focused on the economic, energy, cultural, higher education, crafts, social solidarity, and justice sectors.
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