Renewable Energies: Masen Plans 47 Billion Dirhams in Investments by 2030
Solar, Wind, and Battery Storage: Masen’s Portfolio Requires Over 47 Billion Dirhams from 2026 to 2030
Masen’s ambitious plan to expand its renewable energy capabilities calls for an investment exceeding 47 billion dirhams during the period from 2026 to 2030. The challenge lies in financing the projects, adhering to schedules, and integrating these capacities into Morocco’s electrical system.
According to the report on public establishments and enterprises accompanying the 2027 finance bill, Masen aims to install 4,416 megawatts (MW) of renewable capacity and 2,600 megawatt-hours (MWh) of battery storage by 2030. This projection remains tentative; its successful implementation will depend on the progress of construction projects, funding availability, and connection infrastructure.
Noor and Nassim: Engines of Development
The timeline envisions a gradual increase in Masen’s operational capacities. By 2027, these capacities are expected to reach 2,049 MW, largely due to projects from the Noor Atlas solar program. In 2028, announced solar capacities are projected to reach 3,924 MW, along with the integration of 2,600 MWh of battery storage. Wind energy will significantly gain traction afterward, with installed capacities expected to total 5,107 MW by 2029, driven by projects from the Nassim program.
Storage: A Condition for Flexibility
The planned 2,600 MWh of battery storage is a fundamental component of Masen’s portfolio. Solar and wind production fluctuates based on weather conditions; storage allows for the temporal shifting of energy, aiding in meeting grid demands. However, its effectiveness will depend on the costs of equipment, their utilization, and the services they provide to the electric system.
A New Collaboration Between Masen and ONEE
The program is part of the evolving organization of the energy sector. An agreement signed on November 3, 2025, among the State, the National Agency for Strategic State Participation Management (ANGSPE), the National Office for Electricity and Drinking Water (ONEE), and Masen outlines a gradual transfer of renewable assets and a clarification of responsibilities.
The goal is to better coordinate the development of projects and their integration into the electrical system. The success of this evolution will be assessed based on the timeliness of project completion, the connection of installations, and the coordination among operators.
Financing Under the Scrutiny of Execution
With over 47 billion dirhams to be mobilized over five years, the program necessitates rigorous monitoring of financing, costs, and expected revenues. For 2027, projected investments are expected to exceed 7 billion dirhams according to the estimates in the 2027 finance bill. The total amount is not the sole measure of performance; it will also be crucial to evaluate Masen’s ability to translate projects into operational installations on time and under economically sustainable conditions.
Aiming for Energy Competitiveness
By the end of 2025, Morocco’s renewable capacities reached 5.63 gigawatts, making up 46.1% of the installed electrical power. Their contribution to national electricity production was reported at 23.4%, based on data from the document accompanying the 2027 finance bill. This disparity highlights the distinction between installed power and actual production: resource availability and grid constraints influence the amount of electricity that is effectively injected.
For the Moroccan economy, the challenge lies in converting renewable capacities into available energy while controlling costs and enhancing supply security. The 47 billion dirhams earmarked by Masen represent a significant effort moving forward. Their impact will ultimately be judged by the number of projects successfully delivered, the flexibility they bring to the grid, and their contribution to the energy competitiveness of businesses.
