Agadir – Morocco Energy Leaders (MEL) and the Clean Energy Business Council (CEBC) have signed a strategic cooperation agreement to strengthen collaboration on clean energy, sustainable infrastructure, climate finance, and cross-border investment.
MEL President Nabil Jedaira and CEBC Chairman Nasser Saidi, a former Lebanese Minister of Economy and Trade and former Chief Economist of the Dubai International Financial Centre, signed the agreement, a joint statement said on Thursday.
The partnership brings together energy executives, investors, policymakers, and industry leaders to support Morocco’s energy transition and create new investment opportunities across Morocco, Africa, the Middle East, and international markets.
“Today, through this strategic partnership with the Clean Energy Business Council, we are creating a powerful platform that will bring together policymakers, investors, utilities, developers, and technology leaders to accelerate sustainable growth and unlock transformational opportunities for Morocco, Africa, and the wider region,” Jedaira explained.
The press release said the partnership will focus on renewable energy development, green hydrogen and Power-to-X projects, sustainable infrastructure, industrial decarbonization, energy security, climate finance, and clean technology.
The agreement will also support executive forums, policy dialogue, business and investment missions, capacity-building initiatives, and public-private partnerships.
“The energy transition is one of the defining challenges and opportunities of our generation,” Jedaira said.
Jedaira also pointed to Morocco’s potential to expand its role in renewable energy, green hydrogen, sustainable infrastructure, and industrial decarbonization.
“Morocco is uniquely positioned to become a global leader in renewable energy, green hydrogen, sustainable infrastructure, and industrial decarbonization. Together, we intend to contribute meaningfully to that ambition,” he stated.
Boosting clean energy investment
For his part, Saidi said financing will play a central role in expanding clean energy projects, particularly in Africa.
“The energy transition will be won or lost on finance,” he said, arguing that the resources, technologies, and investment opportunities already exist but that more capital needs to reach projects at competitive financing costs.
Saidi said CEBC will use its network of investors, corporations, financiers, developers, and clean technology companies to support projects in Morocco.
Through the partnership, CEBC plans to connect Gulf capital and expertise with Moroccan projects in renewable energy, green hydrogen, grid interconnection, and industrial decarbonization.
“Through this partnership, CEBC will put that network to work for Morocco. We will connect Gulf capital and expertise with Moroccan projects in renewables, green hydrogen, grid interconnection and industrial decarbonization, and develop the blended finance and risk-sharing tools that draw in private investment,” Saidi stated.
“Morocco has shown what credible long-term policy, strong institutions and early investment in renewables can achieve, and Morocco Energy Leaders brings unrivalled depth in the Kingdom’s energy policy and industry,” he further added.
Expanding Morocco’s role in clean energy
The partnership comes as Morocco seeks to expand renewable energy capacity and develop new sectors linked to the energy transition, including green hydrogen and industrial decarbonization.
The country aims to raise the share of renewable energy in its electricity mix to 52% by 2030. To support this goal, the Moroccan Agency for Sustainable Energy (Masen) plans to launch a nationwide digital mapping system in 2026 to centralize solar and wind data and identify suitable locations for new renewable energy projects.
MEL and CEBC said Morocco’s geographic position and renewable energy resources give it an important role in cooperation linking Europe, Africa, and the Middle East.
The organizations will work together to identify investment opportunities, facilitate partnerships, promote technology transfer, and support the development of projects with long-term economic and environmental benefits.
Their cooperation will also seek to strengthen knowledge exchange between policymakers and private-sector actors and encourage greater participation from investors and technology companies.
The agreement reflects the two organizations’ shared objective of strengthening cooperation between the public and private sectors and mobilizing investment for the energy transition.
