Morocco: British energy company Oblin plans to invest 100 billion dollars in the southern provinces

The information went unnoticed yesterday Wednesday, July 19, on the sidelines of the visit of a delegation of British businessmen to Dakhla. The leader of the Oblin group has publicly announced its intention to invest up to 100 billion dollars in several renewable energy projects in Dakhla and Laayoune, southern provinces of Morocco, reports Moroccan online media Le360.

A large delegation of British investors visited Dakhla on Tuesday July 18 and Wednesday July 19 to explore investment opportunities in the region.

This visit follows a conference organized at the beginning of November last in London, at the initiative of the Moroccan Embassy in the United Kingdom.

In a statement to the media, the head of the British delegation, Oblin Group Chairman and CEO Brannan Tempest hinted that his group intends to invest up to $100 billion in the southern provinces.

The announcement, confirmed by a press release, raises legitimate questions as to the nature of this huge investment.

“The amount of 100 billion dollars includes a series of projects planned in several provinces, in particular in Dakhla and Laâyoune, which will be carried out in several phases”, specifies a source close to the Oblin group, contacted by Le 360 (Moroccan online media).

This is the second visit to Morocco in six months by the CEO of the British group. Brannan Tempest is among the personalities who took part in the 27th meeting of the partners of the international network Dii Desert Energy, organized in partnership with Nareva, on February 9 and 10 in Dakhla.

The Oblin Group has been active in the renewable energy sector for over 15 years, specializing in open water hydropower (FSEC), solar PV and energy storage solutions.

It has several subsidiaries in its fold: OblinCEA, OblinEngine, Oblin Green, Oblin Energy, OblinArk. The group also holds three patents in renewable energies.

The projects planned in the southern provinces, adds the interlocutor of Info360, will be overseen by the OblinCEA subsidiary, which specializes in the engineering, supply and construction of photovoltaic solar systems and wind turbines.

“A new company, OblinCEA, was formed and officially launched on August 1, 2022. Based in Laayoune, OblinCEA will play a key role in the Oblin Green project, the first phase of which is expected to start in 2023”, reads on the website of the British group’s subsidiary.

OblinCEA has already carried out renewable energy projects in Southeast Asia, particularly in Thailand and more recently in Vietnam where it built two large wind farms.

Source: Burkina Information Agency