Morocco approves green hydrogen projects worth $32.5 bln
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 06 2025
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Source: Reuters
Green Hydrogen Projects Approved: Morocco's government committee has approved green hydrogen projects worth 319 billion dirhams ($32.5 billion) involving international companies to produce ammonia, steel, and industrial fuel.
Renewable Energy Goals: The initiative aims to enhance Morocco's energy capacity with a target of 52% renewable energy by 2030, while also supporting exports to the EU under its Green Deal for carbon emission reduction.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
