Morocco’s government has signed a memorandum of understanding with Saudi-Arabia on the peaceful use of nuclear power.
Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, and Saudi-Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, signed the deal.
By exchanging expertise and supporting finance and investments in both morocco and saudi-arabia, the pact aims to expand the two countries’ engagements in the sector of energy.
The two countries will cooperate in the sphere of “Peaceful Uses of Atomic Energy,” according to a press statement from Saudi Arabia’s energy ministry.
Designing, building, and operating a nuclear fuel cycle and waste management, as well as engineering and marketing breakthrough procedures for new generations of nuclear reactors, are among these applications.
According to a statement from the Saudi Ministry of Energy, the MoU is in line with Morocco‘s “Green Generation” 2017 policy, which aims to transition to a greener economy by 2030.
According to the worldwide industrial association Orano, nuclear energy is a low-carbon energy source that contributes to the generation of low-CO2 electricity.
“It emits 70 times less CO2 than coal, 40 times less CO2 than gas, 4 times less CO2 than solar energy, 2 times less CO2 than hydroelectricity, and the same amount of CO2 as wind energy,” according to the company.
Morocco has been a pioneer in renewable energy and has been progressively working toward a more environmentally friendly future.
Greenrock, based in Rabat, and the Energy Engineering Company (SIE) partnered in March 2022 to expedite decarbonization and the shift to a greater reliance on renewable energy.
SIE and Greenrock have reached an agreement to help private enterprises and investors become more environmentally responsible while also improving the financial management of energy efficiency (EE) projects.
The North African country is eager to considerably enhance its green energy mix. It intends to achieve 100% renewable energy by 2050, with a goal of 50% renewable energy (for power demands).
The country’s sustained commitment to green energy transition places it in a leadership position in Africa, where numerous countries have yet to make significant progress.
The average yearly solar radiation in the North African country was 2600 kW h/m 2 /year, allowing for increased solar energy generation.
Morocco is one of the leading countries to help the global drive to promote sustainable energy use and reduce greenhouse gas emissions.