As the third country in Africa's 3kw Solar System Price For Home photovoltaic installed capacity, Morocco is not only located in the core strategic position of the energy center, but also has abundant solar resources, which provides Morocco with good development opportunities in the solar energy industry. Morocco is a North African country with a population of nearly 30 million and rapid economic development. In recent years, Morocco has continuously increased its investment in infrastructure. Not only has its economy achieved rapid development, it is also the first Middle East and North Africa country to join the International Energy Agency’s alliance initiative, aiming to open its doors to emerging economies.
In the past ten years, Morocco has also been a net energy importer with 1.44 billion cubic meters of natural gas reserves. In order to reduce its dependence on fossil fuel imports, the government has adopted reductions in fossil fuel subsidies and energy-saving measures. This is also the first batch of reductions in the Middle East and North Africa. One of the countries that subsidize fossil fuels, and try to enter the energy market, by increasing renewable energy power generation to solve the power supply gap.
In 2009, Morocco set a goal of 42% of electricity generation from renewable energy sources, and implemented net metering legislation for solar photovoltaic and onshore wind power plants, allowing private generators to sell up to 20% of their electricity generation. In order to encourage the development of new energy, the Moroccan government has reduced indirect taxes for solar heating power generation projects from 20% to 14%; solar panel import tariffs have been reduced to 2.5%. These policies have promoted the development of Morocco's new energy industry.
By 2020, Morocco plans to increase the proportion of renewable energy in its total power generation to 42%, of which wind, solar, and hydropower each account for 14%; and plans to include renewable energy in its total power generation by 2030 The proportion reached 52%. Recently, the Minister of Energy, Mining and Sustainable Development of the country stated that by 2030, investment in the Moroccan energy industry is estimated to reach 40 billion US dollars, which will bring huge investment opportunities to renewable energy companies including the photovoltaic industry .
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