Morocco Offshore Wind Energy Infrastructure Development Feasibility Study with Renewable Power Investment Outlook

Executive Viability Abstract

This feasibility study evaluates the development of offshore wind infrastructure in Morocco, focusing on the Atlantic coastline. With a target of 52% renewable energy by 2030, Morocco presents a high-potential market for offshore wind due to its exceptional wind speeds (average 9 m/s) and strategic proximity to European energy markets. The project outlines a 1GW initial capacity roadmap, integrating green hydrogen production and subsea interconnection to the EU grid.

## Market Analysis Morocco is a leader in African renewable energy. The market is driven by the National Energy Strategy and the Green Hydrogen Roadmap. Demand is bolstered by the 'Xlinks' Morocco-UK Power Project and domestic industrial decarbonization. Key competitive advantages include stable political climate and preferential access to the EU energy market. ## Capex Summary Total estimated investment for a 1GW facility is $3.5 Billion. This includes: - Turbines and Towers: $1.4B - Foundation and Substructure (Floating/Fixed): $900M - Electrical Infrastructure (Substations/Cables): $600M - Installation and Logistics: $400M - Contingency and Project Management: $200M ## Revenue Model The revenue model is diversified across three main streams: 1. Long-term Power Purchase Agreements (PPAs) with ONEE (Morocco's utility). 2. Direct export to the European spot market via interconnections. 3. Sales of Renewable Energy Certificates (RECs) and potential carbon credits. ## Financial Projections Annual operational expenditure (OPEX) is estimated at 2.5% of CAPEX. With an average capacity factor of 45-50%, the project is expected to generate 4,000+ GWh annually. Gross annual revenue is projected at $420M based on a blended PPA/Export price of $0.10/kWh.