Masdar and the Ministry of Energy, Mines, Water and Environment of the Kingdom of Morocco agree to framework for renewable energy cooperation
- United Arab Emirates: Sunday, January 20 - 2013 at 14:45
- PRESS RELEASE
Masdar announced the signing of a framework agreement with the Ministry of Energy, Mines, Water and Environment of the Kingdom of Morocco that will enable them to have a thorough cooperation in the field of renewable energy.
With ambitious clean energy targets and large solar and wind power potential, Morocco is one of the Middle East and North Africa's most promising clean energy markets. Morocco's aim is to reach 42% of its total power capacity installed from renewable sources by 2020.
"Morocco is an ambitious supporter of the adoption of renewable energy projects," said Dr. Sultan Ahmed Al Jaber, CEO of Masdar, Abu Dhabi's renewable energy company. "By capitalizing on its abundant solar and wind energy resources, Morocco is establishing a strong renewable energy industry that will drive economic development and diversify its energy portfolio. We look forward to contributing to the development of Morocco's renewable energy industry."
Mr. Fouad Douiri, Morocco's minister of Energy, Mines, Water and Environment, said: "With tremendous wind and solar resources, Morocco has already strong and concrete achievements in solar and wind capacity, thanks to its experienced local skills and within an attractive legal and regulatory framework. As a country focused on the development of its renewable energy, we see major benefits in building a valuable cooperation with renewable energy players, in particular with the industry."
"Masdar's portfolio of regional and international projects, combined with their experience in renewable energy project development and research and development activities, makes it a partner of excellence in renewable energy cooperation," added Mr. Fouad Douiri.
WFES is a key element of Abu Dhabi Sustainability Week - a five-day initiative that included the third session of the International Renewable Energy Agency's General Assembly, the first International Water Summit, the Zayed Future Energy Prize awards ceremony and the International Renewable Energy Conference.
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.