TAQA, Nareva, and Mohammed VI Fund to Develop 1.2 GW Renewables and 3 GW Transmission Line in Morocco

TAQA Morocco, part of Abu Dhabi National Energy Company (TAQA), has partnered with Moroccan energy firm Nareva and the Mohammed VI Fund for Investment to develop 1.2 GW of renewable energy projects and related transmission infrastructure. This initiative is based on a Memorandum of Understanding (MoU) signed with the Moroccan government and the National Office of Electricity and Drinking Water (ONEE).

The agreement includes the construction of new renewable energy plants and a high-voltage direct current (HVDC) transmission line with a capacity of 3 GW. All projects are part of a broader plan to boost Morocco's energy and water sovereignty.

TAQA Morocco and Nareva will each hold equal ownership in the projects, while the Mohammed VI Fund will retain a 15% stake. These efforts are among three agreements totaling MAD 130 billion (USD 14.09 billion) in investments for energy and desalination projects by 2030.