Morocco looks to renewable energy
2007-11-30
The Moroccan government is striving to boost foreign investment in the renewable energy sector. Speaking on Thursday (November 29th) Energy Minister Amina Benkhadra said the government is considering tax reforms aimed at improving the investment climate. The reforms aim to reduce or eliminate taxes on imports of renewable energy devices, including a reduction from 20% to 14% in VAT on solar water heaters. Developing renewable energies is a major element of the national energy strategy which aims to increase the use of alternative energy sources from 4% to 10% of national consumption by 2012, Benkhadra said. The minister also said Morocco's renewable energy potential from wind power stood at 6,000 MW per day and that an additional 5 KW per day could be produced from solar energy.
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