BAKU, Azerbaijan, March 28. There is a large number of concrete agreements with other African nations on the energy transition, Mohamed Ouhmed, Director of Renewable Energy and Energy Efficiency at the Ministry of Energy Transition and Sustainable Development of Morocco, said, addressing the 9th Berlin Energy Transition Dialogue, Trend reports.
"The co-operation of Morocco in Africa is a strategic interest. Africa also has great interest in the experience we are making in Morocco, and we have a great presence in other — the African countries, and there are many programs that have helped directly and indirectly to move forward a number of initiatives. They help other African countries promote renewable energy," he said.
According to Ouhmed, the projects that Morocco has implemented in the area of wind and solar power have led to the increase in trust of investors.
"Today, there are 40 international companies and from more than 13 countries, of course, also from Germany. Companies that are doing business in Morocco and promoting future opportunities in Morocco. Morocco has a clear figures as the first point for all investors, long-term vision which has then been translated into concrete action and projects that are very — regarding the timeline. We are already working on the third rounds of reforms. In the last few weeks, two acts have, to bills have been enacted for investment in renewable energy. And an act providing the framework for investment in renewable energy, and also incentivized, incentivizing young companies, as we want to mobilize capital from the private sector. And the act provides for simplification to make it easier for the area of start-up of renewables. This also means that other states can fulfil their commitments on reducing emissions, there will also be more transparency," he explained,
The director also pointed out the need for the energy grid to be available to more people.
"Both acts that I just mentioned also will lead to a situation that a certificate of origin will have to be provided by all stakeholders, so that we can produce sufficient green energy," he noted.