Home / Oil & Gas / Solar energy: ADB and MASEN sign an agreement

Solar energy: ADB and MASEN sign an agreement

The African Development Bank (ADB) and Morocco’s Masen concluded in Johannesburg an agreement that will make the Kingdom the African leader in the migration of the continent to solar energy an abundant source almost in the country.

Signed by Akinwumia Adesina, president of the ADB group, and Mustapha Bakkoury, chairman of the executive board of the Moroccan solar energy agency, this agreement aims to support African countries, particularly those in the Sahel region targeted by “Desert to Power”, in the development of renewable energy technologies most suited to their natural conditions and their specific energy needs.

The aim is to combine Masen’s expertise in the development of renewable energy projects with the operational experience of the African Development Bank in this sector, particularly in terms of know-how sharing, capacity building and experience, technical assistance, project development in renewable energies and mobilization of necessary resources.

“In terms of solar energy, Morocco has become a unique example in the world. He showed leadership in achieving something very huge, “Adesina said before signing the document. The ADB, he said, is contributing part of the mega-central funding, which is estimated at 9 Billion Dollars.

It is the success of the Moroccan project developed in the desert of Ouarzazate which allowed the signature of the “strategic partnership to intensify the creation of solar energy poles in Africa”, concluded the boss of the ADB very admirer of Moroccan ideas on solar energy.

For Mustapha Bakkoury, “sharing the experience that Masen has developed and setting in motion a dynamic competitive development of renewable energies on the African continent, is to aim to make renewable energies a real lever for inclusive growth. This partnership with the African Development Bank is a definite asset to realize this ambition “.

“Morocco had anticipated. In 2009, when HM the King spoke of a new orientation in the energy sector, nobody really understood what it was, “he said, before explaining that Morocco who imported more than 90% of the energies, is about to win its bet to ensure its “energy independence”.

“So we had to rely on available resources including renewable energy: solar,” he added. “It is therefore possible to move to a continental stage after the success of the Noor project today,” he concluded.

Check Also

One more year for Sound Energy’s Anoual permit

With a total duration of eight years, the Anoual concession entrusted to the British gas …

Leave a Reply