TAQA and ACWA Power Seize Mega Hydrogen Projects in Morocco
Deal News | Mar 07, 2025 | Zawya
Abu Dhabi-based TAQA and Saudi Arabia's ACWA Power have been awarded major green hydrogen projects in Morocco, valued at nearly $32 billion in total. The Moroccan government selected these firms among others, including international entities such as China's United Energy Group, Germany’s Nordex, Spain’s Acciona, and Cepsa, following successful negotiations. In total, six hydrogen projects are slated for development in southern Morocco, focusing on carbon-neutral alternatives like green hydrogen-derived ammonia and industrial fuels. Furthermore, specific companies such as TAQA and ACWA will focus on components like ammonia and green steel production, with different international consortia taking on roles within the expansive initiative aimed at enhancing Morocco’s renewable energy landscape.
Sectors
- Renewable Energy
- Alternative Energy
- Sustainable Technology
Geography
- Morocco – The projects are located in southern Morocco, where the green hydrogen initiatives will be implemented.
- United Arab Emirates – Abu Dhabi-based TAQA, a key participant in the awarded projects, is located in the UAE.
- Saudi Arabia – ACWA Power, a Saudi company, is involved in the green hydrogen projects, emphasizing the country's participation in the venture.
Industry
- Renewable Energy – The article focuses on green hydrogen projects which are a part of the broader renewable energy sector, involving solar and wind energy resources.
- Alternative Energy – The focus on green hydrogen aligns with the classification of alternative energy, representing energy forms not reliant on fossil fuels.
- Sustainable Technology – The development of ammonia and green steel through renewable means ties into sustainable technology, emphasizing environmentally friendly manufacturing processes.
Financials
- $32 billion – Total cost of the hydrogen projects awarded in Morocco.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TAQA | Bidding Company | Company | A company based in Abu Dhabi, awarded a green hydrogen project in Morocco. |
| ACWA Power | Bidding Company | Company | A Saudi Arabian firm involved in the development of green steel manufacturing in Morocco. |
| Moroccan Government | Government | Government | The entity that awarded the hydrogen projects and facilitated international collaboration. |
| United Energy Group (UEG) | Bidding Company | Company | A Chinese firm that will contribute to ammonia production in Morocco. |
| Nordex | Bidding Company | Company | A German firm included in the ORNX consortium for ammonia production. |
| Acciona | Bidding Company | Company | A Spanish company part of the consortium undertaking the projects. |
| Cepsa | Bidding Company | Company | A Spanish firm collaborating with TAQA on ammonia and industrial fuel projects. |
| Nareva | Bidding Company | Company | A Moroccan company investing in a comprehensive project including green steel production. |
| Ortus | Bidding Company | Company | An American firm part of the ORNX consortium. |
| China Three Gorges | Bidding Company | Company | Part of a Chinese consortium with UEG, focused on ammonia production. |