Spain and Morocco are to pave the way towards the integration of the electricity market – Investing.com Spain

MADRID (Reuters) – Morocco and Spain signed Thursday in Marrakech a agreement to facilitate the exchange of energy from renewable sources between the african country and the EU when it is completed the single market in Europe, said the Spanish Ministry of Energy, in a press note.

The agreement -signed in the framework of the climate summit, which takes in the neighbouring country by the new minister of Energy españól, Alvaro Nadal, and representatives of Morocco, Portugal, France and Germany – marking a roadmap to integrate progressively the electricity market moroccan with european.

“The goal is to reach an implementation agreement in the COP 23 or in a near future, but, taking into account the circumstances of each country,” he said in his note to the Ministry of Energy, Tourism and Digital Agenda.

According to the ministry, this agreement complements the so-called Declaration of Madrid in march last year, in which the European Commission set as a priority the construction of more electricity and gas interconnections between the Iberian Peninsula and the rest of the community market.

“To Spain, the interconnections are key to reducing the costs of the electrical system, promote the integration of more renewable generation and improve the quality and security of supply”, he recalled.

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