Categories: Business

TAQA Morocco aims to invest $1.6bn in renewable energy by 2030


Wed, 2023-03-08 18:05

RIYADH: TAQA Morocco aims to invest $1.6 billion in renewable energy solutions in Morocco to increase electricity production by 50 percent by 2030. 

Owned by Abu Dhabi National Energy Co., the company plans to diversify its activities in clean energy and water desalination as part of its new strategy. 

The firm aims to increase its production capacity of electricity from renewable sources by 1,000 megawatts, which will help reduce the carbon footprint by 25 percent. 

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