{"id":77403,"date":"2023-05-15T06:10:33","date_gmt":"2023-05-15T06:10:33","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/15\/taqa-morocco-establishes-a-new-subsidiary-to-oversee-renewables\/"},"modified":"2023-05-15T06:10:33","modified_gmt":"2023-05-15T06:10:33","slug":"taqa-morocco-establishes-a-new-subsidiary-to-oversee-renewables","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/15\/taqa-morocco-establishes-a-new-subsidiary-to-oversee-renewables\/","title":{"rendered":"Taqa Morocco establishes a new subsidiary to oversee renewables"},"content":{"rendered":"

<\/a> Taqa Morocco launches new subsidiary to oversee renewable projects:<\/strong> Taqa Morocco \u2014 a subsidiary of Abu Dhabi National Energy Company (Taqa) and Morocco\u2019s largest private electricity producer \u2014 launched Taqa Morocco Green, a new subsidiary which will manage the company\u2019s solar projects and produce green hydrogen, the North Africa Post<\/a> reports, citing Moroccan French daily Le Desk<\/a>. There is no additional information on the investment tickets, locations or timelines for the green hydrogen projects.<\/p>\n

Taqa Morocco plans to invest USD 1.6 bn in renewable energy projects by 2030<\/strong>, CEO Majid Iraqui said<\/a> in a press conference last March. Projects include the 96 MW Noor Midelt solar generation plant, according to Iraqui, as well as a potential 200 MW of wind energy capacity for which the company is yet to determine a suitable location.<\/p>\n

Some projects are already in operation:<\/strong> Taqa Morocco has 100 MW of wind energy projects in the country\u2019s north and 600 MW in pre-development in the south, the CEO added. It is unclear whether already signed agreements will be transferred to the newly established subsidiary.<\/p>\n

Parent company Taqa is investing in exporting renewable energy: <\/strong>Taqa became the largest stakeholder in UK-based renewables developer Xlinks last month after investing GBP 25 mn<\/a> in a 3.8k km subsea cable that will transport 3.6 GW of renewable energy from Morocco to the UK by 2030.<\/p>\n","protected":false},"excerpt":{"rendered":"

Taqa Morocco launches new subsidiary to oversee renewable projects: Taqa Morocco \u2014 a subsidiary of Abu Dhabi National Energy Company (Taqa) and Morocco\u2019s largest private electricity producer \u2014 launched Taqa Morocco Green, a new subsidiary which will manage the company\u2019s solar projects and produce green hydrogen, the North Africa Post reports, citing Moroccan French daily […]<\/p>\n","protected":false},"author":1,"featured_media":77404,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[104],"tags":[11,298,45,88,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-renewables","tag-enterpriseclimate","tag-hydrogen","tag-morocco","tag-renewables","tag-uae","wpautop","entry"],"acf":{"mongo_id":"8e86b729-eb56-4415-a13c-be571477a457","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/2\/636.jpg","photo_position":"above","related_issue":[77396],"teaser":"","voice_url":""},"yoast_head":"\nTaqa Morocco establishes a new subsidiary to oversee renewables - 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