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Morocco’s cabinet has greenlit the “Morocco Offer” initiative — a six-stage framework geared towards attracting green hydrogen investments in the kingdom, Map reports. The framework covers a range of projects in the green energy sector including renewables, green hydrogen and ammonia, and green fuels such as green methanol and synthetic fuels.
What the initiative covers: The six stages of the framework outline the necessary procedures for the application process, land allocation procedures, infrastructure details and requirements in the green hydrogen sector, the incentives available for investors, the selection process and contractual obligations, and governance details for the green hydrogen sector.
What’s on offer? The framework is suitable for investors seeking to produce green hydrogen for either export or for the local market. The framework was already met with strong demand from some 100 national and international investors, according to the statement.
There’s lots of land available: The government earmarked 1 mn hectares of land for the development of green hydrogen projects, in efforts to reel in investors as Morocco seeks to “play a major role in the field of energy transition globally,” the statement reads. The first stage of the framework will see the government allocate 300k hectares to investors, ranging from 10-30k hectares per project.
