In addition to the 30,000 jobs targeted in the green hydrogen market, the Moroccan Minister of Industry and Commerce mentioned a market of 100 billion dollars linked to the production of new technologies, with potential for Morocco to capture up to $4 billion of this market.
The Moroccan government recently unveiled an ambitious initiative to create 30,000 jobs in the growing green hydrogen sector, marking a crucial step in the country’s efforts to position itself as a leader in renewable energy.
This announcement was made by Younes Sekkouri, Moroccan Minister of Economic Inclusion, Small Business, Employment and Skills, during the fourth edition of the Power-to-X Global Summit, held in Marrakech October 8 and 9.
Sekkouri stressed that these jobs are part of a broader plan to create 300,000 jobs in strategic sectors such as decarbonization, electric mobility and industry. “ We predict that job creation in the green hydrogen sector will represent around 10% of Morocco’s needs “, he clarified.
Green hydrogen is considered a cornerstone of Morocco’s energy transition strategy, allowing the country to meet its growing energy needs while reducing its carbon footprint.
As part of its ambitious green hydrogen program, the government has set aside one million hectares of land for development, with 300,000 hectares already allocated to foreign and domestic investors.
Green hydrogen is produced by electrolysis, using renewable energy, and only generates water vapor as a by-product, providing a clean energy alternative.
This initiative has attracted strong interest from national and international investors, attracted by Morocco’s strategic position, its diversified natural resources and its qualified workforce.
Officials say the country is well-positioned to become a key player in the global renewable energy market. Although Morocco does not have significant oil and gas reserves, its abundant solar and wind resources give it an advantage in the green energy race. The government aims to produce 52% of the country’s energy from renewable sources by 2030.
Investments from financial institutions such as the World Bank and the European Investment Bank are already flowing into the sector, and Morocco is home to the world’s largest concentrated solar power plant, located in Ouarzazate.
Despite these advances, Morocco remains heavily dependent on fossil fuels, with around 62% of its electricity produced from coal, gas and oil. Expanding green hydrogen production could transform this situation and reduce this dependence.
RT/SF/te/APA
