Madrid - Morocco has moved up a gear to exploit its strong offshore wind potential and increase its wind generation capacity, writes Spanish media outlet 'El Economista' on Monday.To this end, the Moroccan Agency for Sustainable Energy (MASEN) is committed to promoting the development of an offshore wind industry, drawing on the experience gained in this field to develop a first offshore wind farm off the coast of Essaouira, the media reports.Supported by a 2 million euro grant from the European Investment Bank (EIB), this project marks a major step forward for the Kingdom in this field, it points out in an article entitled 'Morocco signs with the EIB to speed up its offshore wind energy projects and join Portugal and France'.Citing World Bank Group estimates published by the 'Offshore WIND' platform, the publication states that Morocco has 200 gigawatts (GW) of potential offshore wind capacity, of which 22 GW is most suitable for fixed-bottom turbines.Source: Agence Marocaine De Presse
Related Articles
Financial institutions urged to develop innovative products for women entrepreneurs
Madam Justina Owusu-Banahene, the Bono Regional Minister, has urged financial institutions to generate innovative products specifically designed for women entrepreneurs to effectively manage their agribusinesses.
She stressed the need for the institu…
Promasidor Ghana announces leadership change
As part of a strategic plan to strengthen its operations and drive robust growth across the ECOWAS region, the Promasidor Group, has appointed its current Chief Executive Officer (CEO) of Ghana, Mr Festus Tettey as the CEO of ECOWAS, excluding Nigeria…
Investors need to support Ghana’s fashion industry – Miss Ghana
Ghana’s beauty queen, Miriam Xorlasi, has called for investors to help power up the nation’s fashion industry.
She said Ghana’s garment design space carried prospects of high fashion and international recognition, and that investor focus was require…