Power Generation and Cumulative Capacity of Solar Thermal Power Plants in Morocco (2017 – 2021)
-
Net electricity generated by Solar Thermal power plants in Morocco reached 1,037.5 GWh in 2021, growing 0.5% YoY
-
During the same year, the cumulative capacity of Solar Thermal power plants in Morocco reached 534.5 MW, declining 0.0% YoY
-
Power generation recorded a historical growth at a CAGR of 26.3% between 2017 and 2021, while the cumulative capacity growth at 30.7% between 2017 and 2021
Power Generation and Cumulative Capacity of Solar Thermal Power Plants in Morocco (2017 – 2021)
With the increasing demand for energy, rising levels of pollution, fear of global warming, scarcity of fossil fuels, and increasing levels of greenhouse gas (GHG) emissions, many countries opted for sources of clean renewable energy. Several countries signed protocols with pre-defined emission reduction targets. The Paris Agreement is the most recent initiative in this direction, whereby each country voluntarily determined and presented its emission reduction target and pledged to achieve GHG reduction according to this target. Several countries that are party to the Paris Agreement devised plans to reduce conventional power and aid the growth of renewable power to reduce emissions. The main renewable energy sources are Hydro, Geothermal, Wind, Solar, and Biopower.
Solar Thermal Power, also known as concentrating solar power (CSP), produces electricity by obtaining energy input by concentrating solar radiation and converting it into high-temperature steam or gas to run a turbine or motor engine. Solar energy helps reduce greenhouse gas (GHG) emissions for factories where Scope 1 and 2 emission factors are a concern, as this renewable source could be installed on-site and replace energy extracted from conventional sources.
The global installed solar thermal power capacity increased from 1,106.3 megawatts (MW) in 2010 to 6,596.6 MW in 2020, at a compound annual growth rate (CAGR) of 19.5%. The global installed solar thermal power capacity is expected to reach 14,172.8 MW by 2030. In 2021, the top five regions in the solar thermal power market are Spain, the US, China, South Africa, and Morocco.
Morocco is the fifth largest solar thermal power market, with cumulative wind installed capacity of 535 MW as of 2021, growing at a CAGR of 30.7% during 2017–21. The solar thermal power market in the country generated 1,038 GWh of electricity in 2021, which growing at a CAGR of 26.3% during 2017–21.
To streamline energy generation and supply while addressing environmental concerns, Morocco adopted a new energy strategy in 2009, which includes the promotion of renewable energy and energy efficiency. With the implementation of these programs under the new energy strategy, the wind power capacity increased to around 800 MW in 2015, while solar thermal capacity also increased significantly, and a small amount of solar PV capacity was introduced. Also, During the Climate Summit (COP21) meeting, held in Paris, Morocco has announced its intentions to achieve 52% of its power generation from renewable energy sources in 2030.
Still looking?
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Explorer
Access more premium companies when you subscribe to Explorer
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward