Global Infrastructure SherpaAcciona, Moeve Advance Green Hydrogen Projects in Morocco
USD4.5B
Deal Value
2 GW
Capacity
development
Stage
Acciona and Moeve (formerly Cepsa) have progressed to the development phase of large-scale green hydrogen projects in Morocco after securing preliminary land reservation agreements. Moeve has partnered with Taqa Morocco to develop a green ammonia and industrial fuel complex at Jorf Lasfar Port, with Taqa Morocco supplying renewable electricity. Acciona, through its joint venture Acciona Nordex Green Hydrogen, along with Nordex and Ortus (ORNX consortium), secured land in Laayoune for a renewable ammonia production project. These initiatives fall under Morocco’s “Offre Maroc” framework, aiming to position the kingdom as a leading hydrogen hub.
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Counterparts (10)
Partner
TAQA
TAQA is a company in the renewables industry. The website requires Javascript to be enabled to view content.
Ortus
Ortus Fitness is a Spanish company that designs, manufactures, and supplies fitness equipment for gyms and individuals. They offer a range of strength and cardiovascular machines, as well as flooring and functional training equipment. They also provide services such as gym design, installation, and maintenance.
ACCIONA Energía
ACCIONA Energía is a global operator exclusively in renewable energy, focusing on the development, construction, operation, and maintenance of renewable energy facilities. They specialize in technologies such as wind, solar, hydroelectric, biomass, and energy storage, providing solutions for businesses and institutions to reduce their carbon footprint.
Developer
China Three Gorges
China Three Gorges Corporation (CTG) is a Chinese state-owned power company and the world's largest developer of hydropower. They focus on clean energy development and investment, including hydropower, wind power, and solar power.
Nareva
Nareva is a Moroccan company focused on renewable energy, water management, and thermal power generation. They develop, finance, construct, operate, and maintain projects across the energy and water sectors.
ACCIONA Energía
ACCIONA Energía is a global operator exclusively in renewable energy, focusing on the development, construction, operation, and maintenance of renewable energy facilities. They specialize in technologies such as wind, solar, hydroelectric, biomass, and energy storage, providing solutions for businesses and institutions to reduce their carbon footprint.
Moeve
Moeve is a company operating in the infrastructure industry. Further details on their specific investment focus and strategy are not available in the provided context.
United Energy Group (UEG)
United Energy Group (UEG) is an energy company focused on oil and gas exploration and production. They also have investments in renewable energy and infrastructure projects.
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Sign up free →Deal Analysis
Acciona and Moeve's advancement of large-scale green hydrogen projects in Morocco signifies a major step towards the country's ambition to become a leading green hydrogen hub. Moeve's partnership with Taqa Morocco focuses on developing a green ammonia and industrial fuel complex at Jorf Lasfar Port, leveraging Taqa Morocco's renewable electricity supply. Acciona, through its joint venture Acciona Nordex Green Hydrogen, along with Nordex and Ortus (ORNX consortium), is developing a renewable ammonia production project in Laayoune. These projects are facilitated by Morocco's "Offre Maroc" framework, which aims to attract investment and establish the kingdom as a key player in the global green hydrogen market. The projects are currently in the development phase, with a signing date targeted for March 1, 2025.
- Involves major players like Acciona, Moeve, Taqa Morocco, and Nordex.
- Focuses on large-scale green hydrogen production with a capacity of 2 GW.
- Aligned with Morocco's "Offre Maroc" framework, indicating strong government support.
- Targets both green ammonia and industrial fuel production, diversifying the application of green hydrogen.
Timeline
Announced
Signed
Mar 1, 2025
Closed
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