
| Financial Model, Renewable Energy, Solar |
| Financial Modeling, Financial Planning, Free Financial Model Templates, Market Studies, PDF |
44-page senior-analyst market study on Morocco’s three-pillar solar economy through 2031. Equal-thirds analytical weighting across (1) the Noor Ouarzazate CSP complex (Noor I–IV operating, Noor Midelt I in commissioning, Noor Midelt II/III awarded), (2) utility-scale PV (305 MW Noor Atlas in construction, ACWA Power’s MAD 0.3245/kWh Noor Midelt II/III award), and (3) green hydrogen / green ammonia under the Offre Maroc framework (6 projects, 5 investors, USD 32.5 billion announced). Built for IPP developers, project-finance lenders, DFIs, and EU off-takers.
Key findings
- Cumulative installed solar 1,819 MW end-2025 (1,285 MW PV + 534 MW CSP); reconciled vs IRENA 546 MW (lag) and ANRE 1,285 MW (regulator)
- ACWA Power Noor Midelt II/III award at MAD 0.3245/kWh (~USD 32/MWh) — the lowest Moroccan utility-PV tariff in history, below MENA mean (Wood Mac USD 37/MWh)
- Six Offre Maroc projects across five investors representing USD 32.5 bn; EFM Base Case projects 2 FID by 2027, 4 of 6 by 2030
- UK rejection of Xlinks 26 Jun 2025 reallocates commercial gravity from electron export to green-NH3 export through Tanger Med, Mohammedia, Jorf Lasfar, Tan-Tan (World Bank Jan 2026 thesis)
- Three scenarios for cumulative solar end-2031: Bear 5.5 GW (25%) · Base 8.2 GW (50%) · Bull 11.5 GW (25%)
- ~EUR 1.1 bn of DFI concessional capital mapped: EBRD EUR 300M SLL to ONEE, AfDB EUR 181.8M PGRCC II, EIB EUR 170M ONEE grid, KfW PtX EUR 30M Jorf Lasfar
Data sources
ANRE · ONEE · MASEN · MEME · Head of Government · World Bank · IRENA · IEA · BloombergNEF Climatescope · Wood Mackenzie MENA ETO · SolarPower Europe · MESIA · Ember · Imal Initiative · ScienceDirect · PAREMA · ACWA Power · TotalEnergies · Engie · pv-magazine
Audience
Primary (70 % weight): IPP developers (ACWA Power, Engie, EDF Renewables, TotalEnergies, Voltalia, Acciona, Mitsui, TAQA, Nareva), project-finance lenders (EBRD, EIB, AfDB, KfW, World Bank, GCF, Proparco, Bank of Africa). Secondary (20 %): EU industrial off-takers (ThyssenKrupp, ArcelorMittal, Yara, CF Industries, BASF), EU port operators bidding into Tanger Med / Mohammedia / Jorf Lasfar / Tan-Tan bunkering. Tertiary (10 %): Financial-modelling professionals, MASEN / ONEE / ANRE policy staff, DFI program officers, climate-finance analysts.
Methodology
14-section structure (Methodology, Industry Today, Supply-Side, Demand-Side, Pricing, Three Scenarios, Technology, Regulation, Competitive Landscape, Best Practices, Risks, Recommendations, Sources, Glossary) plus three Appendices. 12 EFM-branded charts, 35 cited sources, 20-instrument regulatory register (Nov 2024–May 2026), headline-number reconciliation against IRENA / ANRE / WoodMac. American English throughout.
Pair this study with:
- Solar Energy Financial Model
- Solar + BESS Financial Model
- Battery Storage Financial Model
- Renewable Energy Project Finance Model
Browse the full Solar — Renewable Energy category for more options. The study informs assumptions; the templates are separate tools.
Download the 44-page Morocco Solar Market Study now!
Disclaimer
eFinancialModels Market Studies are for informational, educational, and strategic-planning purposes only. They do not constitute investment, financial, legal, or tax advice. Forward-looking statements reflect analyst judgment and are subject to material uncertainty. Readers must conduct their own due diligence. Full disclaimer in Appendix C of the study.
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