Genesis Morocco: Numbers are in

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Genesis Morocco

Project Genesis is a strategic sustainable development framework for Morocco to translate from being a net importer of energy and a country facing water shortage issues, into the number one producer both of clean renewable energy and water in the region.

Saturday, June 26, 2010    <<Home

Numbers are in

Growth forecast for 2011 :

US 3.1%
EU 1.4%

More thoughts on the matter later, but it tells us where the financing might come from.

A strong financing instrument coupled with the required technological know how would allow for a fast implementation of Genesis Morocco.

Like I have discussed before, the financing and the technological know how can come from a variety of sources, but taking in consideration the above forecast, we should be aiming towards a strong partnership with the U.S, it will come with strings attached, American technology and possibly joint oversight.

Morocco's energy independence and its future as a renewable energy hub is closely conditioned by its ability to structure and sell an integrated development plan to a strong partner.

What is in it for the U.S ? Well we can envision the emergence of a strong energy concern, one that would not only cover domestic needs, but also target foreign markets. I believe such a venture will be a successful one.

That leaves us with the length of the implementation, and I say it has to be done in the next 10 years.