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Transcripts for BBCNEWS Talking Business 20240604 16:51:00

and welcome to morocco. 0ur energy strategy is really based on three pillars, and i like to call it a triangle, and myjob is to ensure the triangle stays stable in time. so indeed the first pillar of our energy strategy is really ramping up renewables, so we exceeded our 40% targets of installed capacity based on renewables last year. now we are heading towards our new target of 52% of installed capacity based on renewables before 2030. pillar number two is energy efficiency and we have tried to be very efficient in the way we produce, we transport and we consume energy, and the third key pillar is regional and international integration in the international market. seven years from now, morocco is aiming to have its own electricity, 52% of electricity from renewable sources. i mean, that is a tight time frame and correct me if i m wrong but earlier this year you told

Transcripts for BBCNEWS Talking Business 20240604 16:53:00

permits relatively fast to ensure that investors get access to the opportunities that they want. you also need to ensure that you put the investments that you need in the grid. let me ask you this about something i m not struggling with but i want your answer. because before you even reach providing your people with 100% renewable electricity, before you do that you want to start exporting some of that energy. why do that before providing moroccans with 100% renewable electricity? 0ur position today is let s ensure that we are on both sides of the mediterranean for our populations in africa and europe, we are taking advantage of these historic approaches to take advantage of that additional trade.

Transcripts for BBCNEWS Talking Business 20240604 16:35:00

with you, because morocco, here we are in the heart of rabat. morocco is your home country. over the last 15 years, you ve been spending a lot of money, investing a lot of money in renewable projects, so let me ask you this not only morocco but across africa, but if we just look at morocco, moundir, paint me brief picture of some of the developments that you re involved in, and, more importantly, why morocco? why does this country seem to be one of the countries leading the charge in renewable energy? morocco has truly one of the best solar and wind resources in the world, combined, and it is very special. so you know that we don t have oil, we don t have natural gas, but we have a potential that is just amazing. this is the first reason it sjust a resource reason. this is the only resource morocco has. so embrace it. yeah, we need to embrace it and we have done and we have launched very ambitious programmes in order to capture this energy. but, also, morocco somehow is a bridge. i

Petrobras lines up Chinese contractor to pursue green hydrogen business

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