Morocco Power Market Size, Trends, Regulations, Competitive Landscape and Forecast, 2022-2035

The annual power generation in Morocco was 38.6TWh in 2021. The annual power generation is expected to grow at a CAGR of more than 2% during the forecast period. The Ministry of Energy Transition and Sustainable Development (MEM) is vested with the responsibility of formulating and implementing energy-related policies in the country. The Moroccan Energy Authority (Autorité Nationale de Régulation de l’Energie – ANRE) is the key body regulating the electricity sector.

The Morocco power market report discusses the power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country’s power sector is also included in the report.

Morocco power market overview

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What are the market dynamics in the Morocco power industry?

Morocco is a net importer of power. It derives its natural gas supplies from Algeria and oil from Saudi Arabia, Iraq, Russia, and Iran. Morocco also imports all its coal supplies. The country aims to develop renewable power to reduce its dependency on other countries. By implementing renewable energy plans in full flow and investing heavily in conventional forms of production, Morocco is making significant changes to its energy mix which could provide a window of opportunity.

Investments in the energy sector is routed through the Energy Investments Company (Société d’Investissements Energétiques du Maroc – SIE). Several countries have invested in their power market through SIE. The government of Morocco has also placed focus on creating project development and financial institutions to enable international projects to achieve its target of 52% renewable power installed capacity by 2030.

What are the key sectors in the Morocco power market?

The key sectors in the power market in Morocco are thermal power, hydropower, and renewable power.

The thermal power segment is regulated by the generic national energy strategy. Within thermal sources, coal was the dominant technology in 2021, followed by oil and gas. The share of coal-based and oil-based capacities is expected to decrease in the forecast period. Hydropower is considered the major renewable energy in the country. Within renewable power, the onshore wind held the dominant share followed by solar thermal and solar PV.

Morocco power market, by sector

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What are the key companies in the Morocco power market?

The key companies in the Morocco power market are Office National de l’Electricite et de l’Eau Potabl (ONEE), Abu Dhabi National Energy Co (TAQA), Nareva Holding SA, ACWA Power International, and Engie SA. ONEE was the largest power sector utility in 2021, followed by Abu Dhabi National Energy Co, Nareva Holding, ACWA Power International, and Engie. The remaining was contributed by smaller IPPs.

ONEE is a subsidiary of Copropar SA. The company provides services in generation, transmission, and distribution of electrical energy to residential and commercial customers. It generates electrical power from sources such as thermal, hydraulics, wind turbines, and solar. ONEE is headquartered in Casablanca, Morocco.

TAQA is a subsidiary of Abu Dhabi Power Corporation. Its operations include strategic power generation and water desalination assets. The company also operates upstream and midstream oil and gas businesses. TAQA generates electricity through plants in Ghana, India, Saudi Arabia, Morocco, and the US. The company operates through subsidiaries in Middle East, Europe, North America, North Africa, and India.

Market report scope

This report provides:

• Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
• Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast till 2035.
• Capacity, generation, and major power plants by technology.
• Data on leading active and upcoming power plants.
• Information on transmission and distribution infrastructure, and electricity imports and exports.
• Policy and regulatory framework governing the market.
• Detailed analysis of top market participants, including market share analysis and SWOT analysis.

Reasons to Buy

• Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector.
• Identify key factors driving investment opportunities in the country’s power sector.
• Facilitate decision-making based on strong historic and forecast data.
• Develop strategies based on the latest regulatory events.
• Position yourself to gain the maximum advantage of the industry’s growth potential.
• Identify key partners and business development avenues.
• Identify key strengths and weaknesses of important market participants.
• Respond to your competitors’ business structure, strategy, and prospects.