“Energy, an essential lever to establish Morocco’s competitiveness”

“Energy is a capital production factor for any economic operator. The latter is today an essential lever to establish the competitiveness and attractiveness of Morocco’s economy compared to competing destinations”, underlined the Minister, who was speaking during a meeting organized by the General Confederation of Tangier-Tetouan-Al Hoceima Moroccan companies (CGEM-TTA), under the theme “Investing in solar photovoltaic for its own consumption, a profitable solution: Decarbonization, reduction of energy dependence and better competitiveness”.

Mrs. Fettah Alaoui, in this context, welcomed the choice of this theme, the importance of which no longer needs to be demonstrated, especially in the current context marked by the impact of the global crises on the supply and demand for fossil fuels and the high volatility of their prices.

“Because of its strategic scope and its impact on the economic fabric, energy is at the heart of national priorities. The theme of energy concerns us, in more ways than one, especially in view of the issues relating to energy sovereignty to guarantee the supply of energy operators, competitiveness linked to energy costs and the challenge of decarbonizing the economy to align with the new standards and requirements of international partners”, said the Minister, adding that the current context and the repetitive crises only confirm these observations and the need to grant great importance about renewable energy. Morocco is a country full of natural potential and energy sources favoring the choice of renewable energy and the energy transition, noted Ms. Fettah Alaoui, stressing that this choice, under the enlightened vision and leadership of HM King Mohammed VI, materialized for years, in particular by the launch in 2009 of the Moroccan solar plan with a capacity of 2,000 MW, as well as the Moroccan wind power program, proved to be a visionary and salutary choice. The Minister said that the progress made and the current context justify the leading importance that has been given to clean energy in the strategic choices of the New Development Model (NMD) as a “Bet for the future”. , and the government program has made it a priority to accelerate the transformation of our productive system.

She thus estimated that “cost control, thanks to the efficient mobilization of the potential of renewable energies, would not only confer certain competitive advantages on our production system, but would also allow our exportable offer to better adapt to new environmental rules, which should regulate access to markets as important as those of the European Union, which, it should be remembered, absorb 60% of our exports”.

This orientation, continued the Minister, is part of the will displayed by Morocco in favor of the preservation of the environment and the fight against climate change, something which materialized by the ratification of the the Paris agreement, during the COP22 and through the pursuit of efforts on a global scale, recalling that on the occasion of the COP26, the Kingdom revised upwards its ambitions to reduce greenhouse gas emissions greenhouse. For Ms. Fettah Alaoui, “building energy sovereignty is far from being a comfort for public policy, but it is a major imperative to secure our development trajectory”, adding “in view of the successful experiences, some of which have previously presented, we can only be confirmed in this choice”.

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