EU to invest 1.6 bln euros in Morocco over next five years

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RABAT, Feb 9 (Reuters) – The European Union will invest 1.6 billion euros in support of Morocco’s energy and digital transition efforts, the European Commission President Ursula von der Leyen said on Wednesday.

“This is a great opportunity for green and digital transition,” Von der Leyen said on her Twitter account following talks in Rabat with Moroccan Prime Minister Aziz Akhannouch.

Morocco targets a 45.5% cut in greenhouse gas emissions by 2030 and has set a renewable energy goal of more than 52% in installed electricity capacity by 2025.

The aid is part of an EU plan, dubbed Global Gateway, announced in September to mobilise up to 300 billion euros over 2021-2027 in support of sustainable projects that boost connectivity between the EU and its partners, an EU source told Reuters.

(Reporting by Ahmed Eljechtimi; Editing by Kirsten Donovan)

Photo – A view of Hassan Tower, in Rabat, Morocco. EPA-EFE/JALAL MORCHIDI

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