Thu. Jul 25th, 2024

Morocco has succeeded in achieving a distinguished position among the top ten countries in the world in attracting international public financing for renewable energy projects.

According to a report issued by a group of international organizations, Morocco ranked ninth, receiving a total of $5.6 billion between 2010 and 2022.

The report, prepared by the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), the World Bank, the United Nations Statistics Division (UNSD), and the World Health Organization (WHO), tracks progress towards achieving the UN Sustainable Development Goals (SDGs). .

The majority of the funding Morocco received was directed towards solar energy projects, followed by wind energy projects and other renewable energy sources, including hydropower.

With this strategic approach, Morocco has become the second largest beneficiary of renewable energy funds in the Middle East and North Africa region, after Egypt, which received $5.7 billion, while India topped the list globally by attracting an amount of $15.6 billion during the same period.

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