Key Market Indicators
Morocco's solar energy consumption is projected to double by 2028, reaching 0.02 exajoules, a significant rise from the current 0.01 exajoules recorded in 2023. This growth represents an average annual increase of 4.6%. Since 2021, the North African nation's demand for solar energy has surged by an impressive 10.8% each year, underscoring the country's commitment to renewable energy sources. In terms of solar capacity, Morocco is expected to see a more modest increase. By 2028, the country's solar capacity is forecast to hit around 980 megawatts, up from approximately 910 megawatts in 2023. This growth translates to an average annual increase of 1%. Notably, since 2005, Morocco's solar capacity has expanded at an average yearly rate of 4.5%, reflecting steady progress in harnessing solar power.
