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 renewable energy portfolio is set to demand more than 47 billion dirhams between 2026 and 2030. The challenge lies in financing the projects, adhering to timelines, and integrating these capacities into Morocco’s electrical system.
According to the report on public establishments and enterprises accompanying the 2027 Finance Bill, Masen anticipates generating 4,416 megawatts (MW) of renewable energy capacity and 2,600 megawatt-hours (MWh) of battery storage by 2030. This projected investment exceeds 47 billion dirhams. However, this schedule remains tentative; its realization will rely on the progress of construction sites, funding availability, and connection infrastructures.
Noor and Nassim: Engines of Development
The timeline indicates a gradual increase in capacities operated by Masen. By 2027, these capacities are expected to reach 2,049 MW, particularly through projects in the Noor Atlas solar program. In 2028, announced solar capacities should increase to 3,924 MW, including the planned integration of 2,600 MWh of batteries. Wind energy is projected to play a more significant role thereafter, with installed capacities expected to reach 5,107 MW in 2029 through the Nassim program’s projects.
Storage: A Key to Flexibility
The planned 2,600 MWh of battery storage is a fundamental component of the portfolio. The production of solar and wind energy fluctuates due to weather conditions; storage allows for energy to be shifted over time and helps meet grid demands. However, its effectiveness will depend on equipment costs, usage, and the services provided to the electrical system.
A New Structure Between Masen and ONEE
This program reflects an evolution in the organization of the energy sector. An agreement signed on November 3, 2025, between the state, the National Agency for Strategic Management of State Holdings (ANGSPE), the National Office of Electricity and Drinking Water (ONEE), and Masen outlines a gradual transfer of renewable assets and clarification of responsibilities.
The goal is to enhance the coordination of project development and their integration into the electrical system. The success of this evolution will be judged by project completion timelines, connection of installations, and operator coordination.
Financing Under Execution Pressure
With over 47 billion dirhams to mobilize over five years, the program necessitates rigorous monitoring of financing, costs, and expected revenues. For 2027, planned investments are projected to exceed 7 billion dirhams, according to the 2027 Finance Bill projections. However, the overall amount is not sufficient to gauge performance; it is crucial to assess Masen’s ability to convert projects into operational installations on time and under economically viable conditions.
Focusing on Energy Competitiveness
By the end of 2025, Morocco’s renewable energy capacity was expected to reach 5.63 gigawatts, accounting for 46.1% of installed electrical capacity. Their contribution to national electricity production was set at 23.4%, according to data accompanying the 2027 Finance Bill. This discrepancy underscores that installed capacity does not equate to actual production; the availability of resources and network constraints influence the electricity that can be injected into the grid.
For the Moroccan economy, the challenge lies in converting renewable capacities into available energy while controlling costs and enhancing supply security. The planned 47 billion dirhams by Masen represents a measure of the effort ahead. Their impact will be evaluated based on the projects delivered, the flexibility provided to the grid, and their contribution to the energy competitiveness of businesses.
