Morocco – The annual EnergyWeek Morocco event will for the third time feature the annual Africa Renewable Energy Forum. EnergyWeek Morocco is a platform for decision makers in the energy sector to discuss the progress of regional power projects in North and West Africa and will be held in Marrakesh, Morocco from 14 to 15 November 2018.
I addition to the Africa Renewable Energy Forum investment meeting, EnergyWeek Morocco will also host the 2nd annual Gas Options: North & West Africa to explore opportunities for gas and renewable energy project development.
The event is endorsed by the Ministries of Energy of Morocco, Burkina Faso, Ghana, Gabon, Liberia, Mali, Mauritania and Sierra Leone.
Moroccan organisations ONEE, ONHYM, MASEN and AMEE, as well as lead private sector companies BP, Cheniere, Fieldstone, Skypower, ENGIE, Wartsila, Acwa Power, Ibvogt and Larsen & Toubro will provide sponsorship for the event.
Recent estimates from IRENA indicate US$32 billion is required each year from 2015 to 2030 to fully exploit Africa’s renewable energy potential. With many North & West African countries harbouring significant untapped natural resources, a vast potential exists for the continued development of an investment in renewable power projects.
Ambitious goals have been set by governments to increase renewable energy generation, such as Morocco’s targets of achieving 52% clean energy from sources such as solar and wind by 2030, or Nigeria’s vision of renewables accounting for 10% total energy consumption by 2025.
Milestone projects are now driving forward this momentum, such as Morocco’s 580MW Noor Ouarzazate IV power station, scheduled to be fully commissioned in October 2018.
Senegal also boasts the largest solar farm in West Africa with its 29 MW Senergy 1 solar PV plant.
With gas widely considered the most affordable and clean base-load energy source, new discoveries in the gas sector are stimulating sector growth and infrastructure development, paving the way for the emergence of new players such as Senegal and Mauritania.
Already African countries are importing and exporting gas and so the development of regional projects is set to benefit both gas producing and non-producing countries by supporting industrial and economic development.
Last year’s edition of EnergyWeek Morocco brought together 200 senior stakeholders from 32 countries – including 12 from North & West Africa - to explore practical solutions on clean project financing, climate-smart solutions, and innovative community-owned projects.