Engie and Morocco’s OCP Renewables Deal Worth Billions, Says Source
Morocco’s phosphates and fertilizer giant OCP and French energy firm Engie (ENGIE.PA), opens new tab signed a preliminary agreement on Monday for projects that could generate investments in Morocco worth up to 17 billion euros ($18 billion) in desalination, renewable energy and green hydrogen, a source close to the deal said.
The strategic partnership was signed during the visit by French President Emmanuel Macron to Rabat, as part of a series of business agreements following improved political ties between the two countries.
Photo courtesy of andreas160578.
Source: Reuters (link opens in a new window)
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