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- Morocco Secures $1B Solar Fuel Investment
Morocco Secures $1B Solar Fuel Investment
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Key Figures & Findings: Swiss energy innovator Synhelion is making a $1 billion bet on Morocco, unveiling plans for one of the world’s largest solar fuel plants. The facility, set to produce 100,000 tonnes of synthetic fuel annually, will use cutting-edge sun-to-liquid technology developed by ETH Zurich. The system captures intense solar heat exceeding 1,000 °C to convert methane, CO2, and water into cleaner alternatives like gasoline, diesel, and kerosene. Morocco, chosen for its abundant sunlight and industrial expertise, saw the project introduced to Investment Minister Karim Zidane at the World Economic Forum in Davos.
Statistics & Insights: Synhelion’s goal is to slash solar fuel production costs to $1 per liter, making it a viable competitor to fossil fuels. Industry giants Lufthansa (aviation), Eni (energy), and AMAG (automotive) are backing the initiative to accelerate the shift to synthetic fuels.
Future Implications: If successful, this project positions Morocco as a global hub for renewable fuel production, attracting further investments in clean energy innovation. The facility could play a crucial role in cutting emissions, particularly in aviation and heavy transportation.
Source: Solar Quarter