TAQA Morocco Leads $14B Energy Investment

Deal News | May 20, 2025 | Zawya

TAQA Morocco Leads $14B Energy Investment

TAQA Group's subsidiary, TAQA Morocco, is collaborating with Nareva and the Mohammed VI Fund for Investment to undertake a substantial $14 billion energy and water project initiative in Morocco. This ambitious venture involves multiple projects, including large-scale desalination, expansion of gas-fired power generation, and the development of renewable energy sources. The projects aim to bolster Morocco's energy infrastructure, integrating renewable energy into the grid and increasing gas-fired power share. The investments amounting to about 130 billion Moroccan dirhams will be developed by 2030, significantly advancing Morocco's utility capabilities. Ownership is divided equally between TAQA Morocco and Nareva with a strategic stake held by Mohammed VI Fund.

Sectors

  • Energy
  • Water Utilities

Geography

  • Morocco – The projects are situated in Morocco, representing a major investment in the country's energy and water infrastructure.
  • United Arab Emirates – TAQA Group, a UAE-based company, is leading these initiatives, indicating cross-border corporate engagement.

Industry

  • Energy – The article discusses major energy projects, including gas-fired power and renewable energy, which are key segments within the energy sector.
  • Water Utilities – The plan includes significant investments in desalination, aligning with the water utilities sector.

Financials

  • $14 billion – Total investment planned for the energy and water projects in Morocco.
  • 130 billion Moroccan dirhams – Equivalent local currency investment value for the initiative.

Participants

NameRoleTypeDescription
TAQA MoroccoDeveloperCompanyA subsidiary of Abu Dhabi-listed TAQA Group involved in energy project development in Morocco.
NarevaDeveloperCompanyA local energy company in Morocco partnering with TAQA Morocco and Mohammed VI Fund.
Mohammed VI Fund for InvestmentInvestorGovernmentHolds a 15% stake in the projects aimed at bolstering Morocco's energy sector.
TAQA GroupParent CompanyCompanyUAE-based utilities and energy company spearheading the projects through its subsidiary.
National Office of Electricity and Drinking Water (ONEE)CollaboratorGovernmentPartnering entity for energy capacity contracts and water management in Morocco.