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Keywords: Energy transition
INNOVX has secured $110 million in financing from Bank of Africa to support the development of its subsidiary, Fluoralpha, which is spearheading a groundbreaking project in Jorf Lasfar, Morocco. This initiative focuses on recovering fluorine from Moroccan phosphate rocks, reinforcing Morocco’s......
Casablanca is set to play host to one of the most ambitious industrial transformations in Morocco’s recent history. On September 21, 2025, INNOVX announced that its subsidiary Fluoralpha has secured over one billion dirhams (USD 110 million) in strategic financing from Bank of Africa, paving the......
Taqa Morocco, the operator of the Jorf Lasfar coal-fired power plant, has reported a 17% drop in net profit for the first half (H1) of 2025. Net profit fell to MAD 437 million ($48.7 million), down from MAD 526 million ($58.6 million) in the same period last year. The decrease was largely attributed......
The International Energy Agency (IEA) released a new report analyzing energy diversification strategies in the Middle East and North Africa (MENA). The report highlights that MENA has become one of the fastest-growing contributors to global electricity demand since 2000, with demand tripling by 2024.......
In March 2025, Morocco launched an ambitious energy strategy under the Offre Maroc initiative, committing $35.15 billion (MAD 319 billion) to green hydrogen development across its southern provinces. This initiative aims to position the country as a global leader in green hydrogen production, targeting......
A new report, The Renewable Energy Investment Case for Africa, has praised Morocco’s NOOR Complex as a landmark achievement in Africa’s clean energy transition. The solar plant, located in Ouarzazate, has become a global model for harnessing renewable energy to reduce reliance on imports......
Morocco’s top graduates are shifting their career focus, favoring government positions over private sector roles. A recent survey of over 1,000 graduates from leading universities and business schools revealed that job stability and prestige are now the primary career drivers, replacing the entrepreneurial......
Anglo American and Teck Resources have announced a landmark $53 billion merger to create one of the world’s largest copper producers, cementing Canada’s role as a global leader in critical minerals amid surging demand for metals driven by the energy transition. Formation of Anglo Teck and......
Shell has officially canceled plans to build one of Europe’s largest biofuel facilities in Rotterdam, marking a significant retreat from renewable fuels. The decision reflects challenging market conditions and a broader strategic pivot toward fossil fuel investments. The British energy giant announced......