According to Moroccan National Electricity Office, Morocco will invest AED 25 billion in renewable energies over the next five years.

The Electricity Office in a statement said that "Thanks to this ambitious program, ONE clearly shows its intention to be one of the global players operating in the development of renewable energy.”

Morocco plans to increase its production of renewable energy sources destined for European export, such as solar, wind or wave, to 10 percent from four percent today.

The statement added that "ONE wants to contribute towards the goal of reducing emissions by working together with regional partners to develop renewable energy projects dedicated to export to Europe.”