Impact Investing

Finland Spots Morocco Clean Energy Investment Opportunities

Stockholm (NordSIP) – Finnish Minister of Environment, Energy and Housing Kimmo Tiilikainen visited with Moroccan Minister of Energy, Mining and Sustainable Development Aziz Rabbah last week to discuss clean energy cooperation, an initiative, Tiilikainen said, that “offers huge potential for investment in sectors related to the green economy.”

Leading a delegation of 19 representatives of Finnish companies operating in the water, waste management, energy and bio-economy sectors, Tiilikainen praised Morocco’s progress towards becoming a “green and ecological society”, assuring the North African country of Finland’s “expertise and solutions in the field of renewable energy,” Xinhuanet and others reported. Promoting the clean technology sector is “an efficient and intelligent way of opening up new avenues to green growth and the circular economy,” Tiilikainen said.

Morocco has set the target of generating over half (52%) of its power from renewable resources by 2030, aiming for the threshold of 42% by 2020, a target set prior to COP21 and the Paris Accord of 2015. Morocco’s targets offer considerable investor potential, buttressed by reforms undertaken by the Kingdom as part of its environmental and energy strategy.

Rabbah welcomed the overture from the Finnish delegation, suggesting that Morocco’s progress to a green and ecological society would be enhanced through cooperation with the Nordic country.

Image: (c) Calin Tatu-shutterstock

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