Taqa Morocco plans major expansion with shift to renewables and gas

Taqa Morocco (CSE:TQM) is preparing to triple its electricity generation capacity by 2030, marking a significant strategic shift away from coal towards renewable energy and natural gas, Asharq Business reported on April 20. 

The company aims to increase its installed capacity from around 2GW to 8GW by 2030, backed by investments of approximately MAD 40bn ($4.2bn). Of this, 4.8 GW will come from renewable sources, while the remainder will be generated from gas-fired projects.

Taqa Morocco, 75.1% indirectly owned by the government of Abu Dhabi, is currently pivoting its strategy toward a decarbonised mix by 2030, which includes the development of the 144 MW Boujmil wind farm and expansion into seawater desalination. The company maintains a strong operational footprint, reporting 2025 revenues of MAD 10.64bn and achieving a high plant availability rate of 92.1% at its Jorf Lasfar facility.

In Morocco, the firm currently operates the Jorf Lasfar power station, the largest coal-fired plant in Africa and the Middle East, which supplies roughly two-thirds of the country’s electricity demand. The company is majority-owned by Abu Dhabi National Energy Company.

As part of its transition strategy, Taqa Morocco plans to acquire and expand the Tahaddart gas-fired power plant, following regulatory approval. It is also developing a portfolio of renewable energy projects, with a strong focus on wind power across multiple regions.

Beyond electricity generation, the company is diversifying into desalination and green hydrogen. It has signed agreements to develop facilities for producing green ammonia and synthetic fuels, positioning itself within emerging clean energy value chains.

The expansion aligns with Morocco’s national target to phase out coal-fired power generation by 2040 and accelerate the adoption of cleaner energy sources.