- Frontiers in Energy Economics
- Volume:1 Issue:1
- Renewable Energy Policy; Assessing the Impact of Renewable Energy Policy on Solar Energy Development...
Renewable Energy Policy; Assessing the Impact of Renewable Energy Policy on Solar Energy Development in Morocco
Authors : Dickens NYAKIDI, Ibrahim SAVANE, Erhan DEMIRELI
Pages : 39-46
View : 6 | Download : 12
Publication Date : 2024-12-31
Article Type : Research Paper
Abstract :This study examines Morocco’s renewable energy policy framework, focusing on the country’s contribution to the growth of solar energy initiatives, notably the Noor Solar Complex. As a promising market in the Sahara region, the Moroccan economy has witnessed huge investments over the past decades due to its favorable regulations, incentives, and international partnerships, enabling large-scale solar investments. With national energy strategies, these policies are focused on reducing fossil fuel dependency and increasing renewable energy’s share in the national energy grid. The study’s main aim is to analyze the effectiveness of these policies in meeting national energy targets, explore the challenges in infrastructure and financing, and assess the potential. Renewable energy policies and the efforts have contributed to energy security, job creation, and economic diversification leading to the strengthening of the local economy. Further, Morocco’s position among the top African economies in the renewable energy sector presents valuable insights for other developing economies interested in sustainable energy transitions. This study also examines the lessons from Morocco’s success in addressing policy adaptability, economic viability, and sustainable growth. As a result of this study, it was revealed that Morocco has made great progress in achieving its national targets in renewable energy production. This analysis presents a framework that can guide similar projects in Africa and beyond, highlighting renewable energy as a roadmap for economic growth and environmental sustainability.Keywords : Renewable Energy, Solar Energy, Policy