The board of directors of Morocco’s National Office of Electricity and Drinking Water (ONEE) approved today a MAD 248 billion ($26.4 billion) investment plan, covering the period between 2026 and 2030.

Minister of the Economy Nadia Fettah chaired the board of directors’ meeting today.

The plan focuses on accelerating Morocco’s energy transition by expanding renewable energy, developing storage and grid flexibility solutions, and strengthening the electricity transmission network.

ONEE Director General Tarik Hamane presented the plan, which pledges efforts to enable Morocco to exceed its target of 52% renewable energy in installed electricity generation capacity by 2028.

The plan includes MAD 206 billion ($21.9 billion) dedicated to electricity projects and MAD 42.1 billion ($4.4 billion) for drinking water infrastructure.

The electricity side includes a MAD 104 billion ($11.1 billion) renewable energy program that will add 11.6 gigawatts of renewable generation capacity and 2.6 GW of energy storage capacity. This will represent about 80% of the total additional generation capacity planned between 2026 and 2030.

The plan also covers the development of battery energy storage systems with a total capacity of 2,230 megawatt-hours, as well as the construction of the 360 MW El Menzel pumped-storage hydroelectric plant and a 3,744 MW natural gas flexibility program.

The program also prioritizes securing potable water production, with Morocco’s desalination capacity dedicated to drinking water exceeding 1.3 billion cubic meters annually.