The “courtesy visit” between Mohamed Maliki, Morocco’s ambassador to India, and Gautam Adani did not go unnoticed. Without revealing the content, the diplomat wrote on October 21, on Twitter, that this meeting with the richest man in Asia (137 billion dollars of personal fortune, according to the Bloomberg Billionaires Index) “made it possible to study ways to develop relations (…) in different fields” between the kingdom and the Indian giant Adani. The 60-year-old businessman’s conglomerate is active in particular in the production of electricity, the port industry, logistics and trade.
Hydrogen: Morocco at “H” hour?
On the Moroccan side, if nothing filters on the details of the discussion, certain sources affirmed to Bloomberg that the tycoon would consider building wind and solar power plants to produce green hydrogen, intended in particular for export to Europe. A 10 gigawatt (GW) project, i.e. two time and a half the current renewable energy capacity in Morocco.
High solar and wind potential
A boon for the kingdom, which intends to boost the share of renewable energies in its energy mix, to increase it from nearly 40% currently to 64% in 2030; and above all to manage, in the long term, to export this “green oil” to Europe, where many countries are now betting on the resource to accelerate their energy transition. Germany, for example, which in 2021 approved a plan (the H2 Global) of 900 million euros for a program devoted to hydrogen vert.