2 GW Renewable Programme Announced Under Morocco-Norway Climate Deal
Morocco and Norway have signed a bilateral agreement to support the deployment of approximately 2 GW of renewable energy capacity, including battery storage systems, under a new long-term cooperation framework linked to international carbon markets.
The agreement focuses on implementation of Article 6.2 of the Paris Agreement, which allows countries to cooperate on emissions reduction projects through the exchange of internationally transferable mitigation outcomes (ITMOs).
The partnership was formalised between Morocco’s Ministry of Energy Transition and Sustainable Development and Norway’s Ministry of Climate and Environment.
Under the agreement, the two countries plan to launch a Generation-Based Incentive (GBI) programme covering the period from 2026 to 2036. The initiative is intended to support renewable energy projects that may require additional financial backing through carbon market mechanisms.
According to the participating governments, the programme is expected to contribute to the deployment of renewable generation capacity alongside integrated battery energy storage systems, while helping reduce up to 10 million tonnes of CO₂ emissions by 2030.
Officials stated that the agreement is also intended to mobilise climate finance, encourage technology transfer, and support green investment opportunities within Morocco’s energy sector.
Morocco has continued to expand renewable energy deployment as part of its national energy transition strategy, targeting increased integration of solar, wind, and storage capacity into its electricity system. The country has positioned itself as one of the leading renewable energy markets in North Africa, supported by large-scale infrastructure projects and international investment partnerships.
The agreement with Norway reflects growing international interest in using carbon market frameworks to finance renewable energy deployment and accelerate decarbonisation efforts in emerging energy markets.
Source: enerdata.net
