Potential offtaker

AZURA Group

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Which other companies from Morocco are actively involved in decarbonization initiatives?
  • LafargeHolcim Maroc SA
  • AZURA Group is a Moroccan company that specializes in renewable energy and decarbonisation. The company was founded in 2003 and has since become a leading player in the renewable energy sector in Morocco and the wider North African region. AZURA Group is committed to promoting sustainable development and reducing carbon emissions through the provision of innovative and cost-effective renewable energy solutions.

    One of the key areas of focus for AZURA Group is corporate energy. The company provides a range of services to help businesses reduce their carbon footprint and transition to renewable energy sources. This includes energy audits, energy efficiency measures, and the implementation of corporate power purchase agreements (PPAs). Corporate PPAs are a key tool in the decarbonisation of the corporate sector, enabling businesses to source renewable energy directly from generators, thereby reducing their reliance on fossil fuels.

    AZURA Group has extensive experience in the implementation of corporate PPAs, having worked with a range of clients across different sectors. The company provides end-to-end support for the implementation of PPAs, from the identification of suitable renewable energy projects to the negotiation and signing of contracts. AZURA Group also provides ongoing support to ensure the smooth operation of the PPA, including monitoring and reporting on energy generation and consumption.

    Renewable energy is at the heart of AZURA Group's mission. The company has a strong track record in the development and operation of renewable energy projects, including wind, solar, and hydroelectric power plants. AZURA Group's projects are designed to be environmentally sustainable and socially responsible, with a focus on minimizing the impact on local communities and ecosystems.

    One of AZURA Group's flagship projects is the Tarfaya wind farm, which is located in southern Morocco. The wind farm has a capacity of 300 MW and is one of the largest in Africa. The project was developed in partnership with the Moroccan government and a consortium of international investors, and is expected to generate over 1,000 GWh of electricity per year. The Tarfaya wind farm is a key part of Morocco's strategy to reduce its reliance on fossil fuels and increase the share of renewable energy in its energy mix.

    AZURA Group is also involved in the development of solar energy projects, including the Noor Ouarzazate solar complex. The complex is located in the Ouarzazate region of Morocco and has a capacity of 580 MW. The project is part of Morocco's ambitious plan to generate 42% of its electricity from renewable sources by 2020. The Noor Ouarzazate complex is expected to reduce carbon emissions by 760,000 tonnes per year, making a significant contribution to the decarbonisation of Morocco's energy sector.

    In addition to its renewable energy projects, AZURA Group is also involved in the development of energy storage solutions. Energy storage is a key enabler of the transition to renewable energy, as it allows for the integration of intermittent sources such as wind and solar into the grid. AZURA Group is working on a number of energy storage projects, including the development of battery storage systems for renewable energy projects and the implementation of smart grid solutions.

    AZURA Group's commitment to sustainability extends beyond its business operations. The company is also involved in a range of community development projects, including the provision of clean water and sanitation facilities, the promotion of sustainable agriculture, and the support of education and training programs. AZURA Group's community development initiatives are designed to promote sustainable development and improve the quality of life for local communities.

    In conclusion, AZURA Group is a leading player in the renewable energy sector in Morocco and the wider North African region. The company is committed to promoting sustainable development and reducing carbon emissions through the provision of innovative and cost-effective renewable energy solutions. AZURA Group's expertise in corporate energy, corporate PPAs, and renewable energy makes it a key partner for businesses looking to transition to renewable energy sources. The company's flagship projects, including the Tarfaya wind farm and the Noor Ouarzazate solar complex, are making a significant contribution to the decarbonisation of Morocco's energy sector.

    ✓ Science Based Targets member