Rabat: Morocco, thanks to the enlightened vision of HM King Mohammed VI, possesses all the assets needed to be a pioneer in the field of green hydrogen, stated the President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso.

According to Agence Marocaine De Presse, “The Kingdom, with its forward-thinking strategy in renewable energy and clear ambition, has significant potential to become a leader in the green hydrogen sector,” noted Renaud-Basso in an interview with MAP on the sidelines of the Africa Investment Forum (AIF), taking place in Rabat until December 6.

Highlighting the role of OCP in operating within the green hydrogen market, the EBRD President emphasized that this sector could develop in a highly strategic manner. “Morocco, which is dealing with drought conditions, is also very advanced in seawater desalination.”

Through innovative financing, the EBRD funds investments in wind and solar energy as well as green hydrogen, Ms. Renaud-Basso pointed out, reaffirming
the Bank’s commitment to supporting Morocco in its strategy to decarbonize the economy.

Regarding the development of private investment, the Kingdom, through the Mohammed VI Investment Fund, has created mechanisms to finance equity investments across the entire economic fabric. According to Renaud-Basso, these initiatives should bolster Morocco’s long-term growth strategy.