Kingdom of MoroccoKingdom of Morocco

Renewable Energy Investment Opportunities Renewable Energy Investment Opportunities

Mohamed El Haouari

National Agency for Renewable Energy and Energy Efficiency Development

(ADEREE)

Morocco

Energy independence Energy independence Import part of country energy consumption

50

100

150

200

250

$/t, $/bl

2

4

6

8

10

12

14

$/MBtu (Gaz)

Pétrole

Charbon

Gaz

0%

20%

40%

60%

80%

100%

Price volatility of oil and gas

International

278 249

160

0

50

100

150

200

250

300

200820072004

Source : Bloomberg, AREVA

(Example: employees in the German renewable energy sector; in ‘000)

Source: BMU-KI III Projekt "Gross Employment from Renew able Energy in Germany in the Year 2008, a first estimate"; March 2009

Reduce CO2 emissions Reduce CO2 emissions

Residential

12%

Transport 20%

Industry

20%

Energy48%

Source : BP Statistical Review 2008, AREVA

0

02/01/07 02/07/07 02/01/08 02/07/08 02/01/09

0Japan EU India USA China

RE Job OpportunitiesRE Job Opportunities

National & International

Decrease of Fossil fuels reserves

Petrol and fuel market price volatility and international

economical crisis

$/bl Petrol

Decrease of Fossil fuels reserves

Climate change

Quick development

GDP GrowthGDP Growth

Electricity demandElectricity demand

Morocco has to overcome

many energy challenges

95% of 95% of

our energy

consumption

is imported

RE and EE represents a priority sector in our national energy

policy

Implement more Wind and solar farms, with PPP approach

Large RE potentialLarge RE potential

unexploited

Weak energetisation

of the rural and remote

area

Challenges

The role of RE in Morocco

Advantageous position

55

4442

40

50

Unique set of Free trade Agreements

Unique set of Free trade Agreements

Unique location forEurope, Africa and USA

Unique location forEurope, Africa and USA

Morocco as a crossroad between Europe, Africa and Americas (e.g. with shipping distance)

Highly competitivelabor costs

Highly competitivelabor costs

US$/month

4,000

3,000

3,787

3,049

2,736

+ +

# Free trade agreements by country

20

151313

12

0

10

20

30

Free trade agreements leading to 1 billion consumers markets

6 days 1 day

2 days

~13 days 9 days

360530

393302

2,000

1,000

0

+47%

Germ.U.S.SpainTurk.

1,226

Pol.

1,081

Rom.Mex.Mor.China

1. in 2005 2. Source: ILO, INEGI, IMD, ONE, Press Search, Searates

Mor.MexicoTur.ChinaUSIndiaS.Kor.

Brazil

S

N

EO

Wind and solar maps

Huge PotentialHuge Potential

> 6 m/s5 - 6 m/s4 - 5 m/s3 - 4 m/s< 3 m/sInconu

Vitesse du vent

100 0 100 200 Kilomètres

100 0 100 200 K ilom ètre s

N

EO

S

Moins de 4 ,7 KW h/m2En tre 4 ,7 & 5 ,0 KW h/m 2En tre 5 ,0 & 5 ,3 KW h/m 2En tre 5 ,3 & 5 ,5 KW h/m 2Plus de 5 ,5 KW h/m 2

5 kWh/m2/ day

3000 h/ year

6000 MW/ 25 000 MW

Energy Saving by 2020 : 12 %

Industry 48 %

National EE program - Target by 2020

Hundreds of audits

Transport 23 %

Residential 19 %

Tertiary 10 %

EE in construction and household

electrical equipments

NationalPublic Transport strategy

National RE Objectifs by 2020

42% in the 42% in the

capacitycapacity14% in the 14% in the

energyenergy capacitycapacity

installedinstalledenergyenergy

balancebalance

Regional approach

Desertec Desertec

Plan Solaire MerditéranéenPlan Solaire Merditéranéen

European approach (2)

� 2000 MW solar program : 4500 GWh per year,

9 billion USD, 10 000 hectares dedicated, 5 sites,First plant : Ouarzazate/500 MW – 2015

� 2000 MW New wind farms programs : produce 6600 GWh per year , 5 sites, savings of 2.5 million tons oil

RE/EE STRATEGY BY 2020

GWh per year , 5 sites, savings of 2.5 million tons oil equivalent of fossil fuels, 3.15 Billion $

� Energy Efficiency national program : national audit of hospitals, hotels, public buildings, etc. industrial sector (audits), firewood improved technologies, residential energy saving, laws,etc

� Renewable sources of energy as of 2015 will become the second source of electricity generation after coal

Wind Parks ongoing projects

1. Tanger2 (150 MW), 2. Koudia El Baida à Tétouan (300 MW),

+ Five new sites have been selected so far :

New sites identification (Atlas Wind) and 1000 MW are in progress (running by 2012)

2. Koudia El Baida à Tétouan (300 MW), 3. Taza (150 MW), 4. Tiskrad à Laayoune (300 MW) 5. Boujdour (100 MW).

- Projects are implemented in a PP partnership approach- The investment cost is estimated at 3.15 b $

- North region of Morocco will host six wind parks, thanks to their huge wind potential

Investment Opportunities

N

EO

150 MW300 MW

150 MWPlannedPlanned Wind Wind ParksParks/2020/2020

S

> 6 m/s5 - 6 m/s4 - 5 m/s3 - 4 m/s< 3 m/sInconu

Vitesse du vent

100 0 100 200 Kilomètres

300 MW

100 MW

2000 MW Solar Program -Investment Opportunities

1- Site of Ouarzazate (Middle/South) : 500 MW, 2.500 ha. 1.150 GWh/year.

2- Site of Ain Beni Matha (East) : 400 MW , 2.000 ha, 835 GWh/year.

3- Site of Foum Al Ouad (South) : 500 MW, 2.500 ha, 1.150 GWh/year + sea water

desalinization

4- Site of Boujdour (south) : 100 MW, 500 ha, 230 GWh/year + sea water

desalinization

5 Solar PowerPlants : 9 billion USD

desalinization

5- Site of Sabkhat Tah (south): 500 MW, 2.500 ha, 1.040 GWh/year

• Moroccan State (FDE)+ Hassan II Fund For Economic & Social Development

• National Energetic Investment Company (SIE) + National Office of

Electricity (ONE)

• International banks, funds, Loans

With the financial participation of

2000 MW Solar Powerplants program

500 MW

400 MW

-- 20 MW CSP already running 20 MW CSP already running / / 472 472 MWMW

-- 125 MW CSP in 2011125 MW CSP in 2011

500 MW

100 MW

500 MW

500 MW

Policy and legislative framework

Renewable Energies Law project approved : promoting Investment for

Export, assistance in site selections, permits and authorization, access

to National Grid and Interconnections, export of RE to Europe, etc,

- Under 2 MW declaration,

- More than 2 MW authorization

Transformation of CDER to ADEREE (+ EE)

Creation of the MASEN : Creating of a dedicated agency supported by the

State of Morocco (Moroccan Agency for Solar Energy) - Conduct the

overall solar 2000 MW project (design, choice of operators,

implementation, management,etc....)

Incentives measures

Incentives for Energy Efficiency and REIncentives for Energy Efficiency and RE

1

1

Funds : "Fond de Développement de l'Energie (FDE)"

is being set up. It currently has $1 billion

19

2Equity investments through the creation of the

Energy Investment Company (SIE-80 M$)

Creation of a Renewable and clean energy industrial areas

(technopole Kyoto Park-East-Oujda)3

Industrial Integrated Programs

� availability of land (total 40/800 ha),

� reduced taxes ,

� investment aids,

� facilities (transport, highways, airport, etc),

� professional skills, etc

Creation of a special green industry Area in Oujda (Clean-Tech ) :

� Low consumption lamps

�Wind component : blade, towers, turbine, converters,etc

� Solar PV and CSP components : cells, frame, converters, electrical cables,

charge regulators, PTC, glass, chemical storage, thermal solar collectors,

spare parts, etc

Promote and speed up RE and EE industrial investments for :

� National Agency for RE and EE development :

http://www.aderee.ceeb.ma/

� National Office of Electricity : http://www.one.org.ma/

Useful linksUseful links

� Moroccan Agency for Solar Agency : http://www.masen.org.ma/

� Ministry of Energy and Mines : http://www.mem.gov.ma/

Thank you for your attentionm.elhaouari@aderee.mam.elhaouari@aderee.ma

Morocco