Spain and Morocco's electricity grid operators have signed two memorandums of understanding: the first covering the construction of a 700 MW power interconnector between the two nations, and the second involving a strategic partnership aimed at the integration of networks and energy markets. Although Spain wants to transition to renewable energy as a means to reduce its carbon footprint, it could end up importing cheap electricity from Moroccan thermal units. Analysts hope this third €150m ($170m) deal will be followed by more. However, the commission of a 1.4 GW Moroccan coal power plant in December could lead to imports of cheap fossil fuel-generated energy instead.
Spain and Morocco's electricity grid operators have signed two memorandums of understanding: the first covering the construction of a 700 MW power interconnector between the two nations, and the second involving a strategic partnership aimed at the integration of networks and energy markets. Analysts hope this third €150m ($170m) deal will be followed by more. However, the commission of a 1.4 GW Moroccan coal power plant in December could lead to imports of cheap fossil fuel-generated energy instead.