Key Market Indicators
Moroccan renewable energy generation is projected to climb significantly, reaching approximately 15.6 terawatt-hours by 2028. This marks a substantial increase from the 10.3 terawatt-hours recorded in 2023. The growth rate, calculated at a compound annual growth rate (CAGR) of 6.6%, underscores the country's commitment to expanding its renewable energy capacity. Since 2005, Morocco has seen a notable rise in its renewable energy supply. The annual growth rate has averaged around 16.5%, reflecting consistent efforts to diversify its energy portfolio and reduce dependency on non-renewable sources. This upward trend is expected to continue as Morocco invests in renewable infrastructure and technology, positioning itself as a leader in the region's shift towards sustainable energy solutions.
