Morocco Launches SR500 Solar Rooftop Program with Switzerland for 500 MW Capacity
Morocco launched the Solar Rooftop 500 program in Casablanca, targeting 500 MW of rooftop solar capacity for industrial and commercial sectors. The initiative, supported by Switzerland, utilizes Article 6.2 of the Paris Agreement to facilitate carbon emission reduction transfers. The program aims to reduce electricity costs for participating companies and is backed by a $500 million funding envelope, potentially creating 15,000 jobs.
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Morocco has launched the Solar Rooftop 500 program, targeting the deployment of 500 megawatts of rooftop solar capacity for industrial and commercial enterprises. The program, launched in Casablanca, is a collaboration with Switzerland and operates under the Paris Agreement's Article 6.2.
It focuses on new photovoltaic installations, providing immediate carbon revenue benefits to participating companies. The initiative is backed by $500 million in funding, with potential to create approximately 15,000 jobs. The program aligns with Morocco's goal to source over 52% of its electricity capacity from renewables by 2030.
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