Genesis Morocco: A Moroccan Solar Energy Consortium in the Coming Decade ?

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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.

Monday, April 4, 2011    <<Home

A Moroccan Solar Energy Consortium in the Coming Decade ?

If we agree to the fact that solar energy is getting cheaper and that a breakthrough in the efficiency of thin film solar can further reduce the costs to being on par or inferior to other forms of energy, then we can see a window of opportunity for empowering poorer regions through renewables.

Let me explain, with reasonable investment costs solar cooperatives will be able to function on lands that are not arable and thus create revenue where its needed the most.

Solar farms can be several form of entities, one a cooperative held at local and regional levels, two it can be private investment in theses regions thus creating jobs and revenues.

Once again, the key is to attain a critical mass where we would see the rapid conglomeration of several concerns at regional level to form a Moroccan energy consortium.

How long will this take, will things evolve in line with the scenario I have mentioned ? Two things lead me to believe it will, first the cost of solar technology is steadily decreasing, second, the nature of sectors is to solidify with one possibly two leaders.

In any case, it is very interesting for regions to start from now on investigating how they can come up with an energy champion at regional level, and for established concerns to develop strategies with the regions where they do not become land owners with fenced in facilities, worst case scenario, but investors with holistic approaches to sustainable development.

Ultimately if we do see the emergence of one or possibly two Moroccan solar energy concerns, exploiting capacities in the GW's range then who could tell what their impact could be in bringing all regions to homogeneous development levels.

Morocco can and is working hard to become an energy player at regional level, as signified by His Majesty's national renewable energy framework for wind and solar. It is an opportunity for it to address the domestic energy deficiency question that is ever more relevant for starters, then when Morocco has grown sizable capacity to export its renewable energy internationally.

Also please note that when hydrogen storage reaches maturity, Morocco with its deep sea ports and its geostrategical location is to set to become an energy hub in the region and the world.