Taqa Morocco reports a revenue of 7.95 billion dirhams over nine months and accelerates investments in renewable energy by 2030
Taqa Morocco’s consolidated revenue reached 7.95 billion dirhams by the end of September 2025, showing a slight decline compared to the same period last year. This performance is attributed to improved productivity in units 1 to 6, a minor technical review of unit 6, and reduced energy costs due to falling coal prices in international markets, alongside the negative impact of the exchange rate of the dollar against the dirham, according to the company’s data.
During the third quarter of 2025, revenues rose to 2.578 billion dirhams compared to 2.483 billion dirhams a year earlier, driven by increased availability and enhanced operational performance. Operating output reached 1.829 billion dirhams, down from 1.987 billion dirhams in September 2024, while the net result attributable to the group remained stable at 681 million dirhams compared to 756 million dirhams a year ago.
Investment volumes reached 225 million dirhams by the end of September, marking an increase compared to 2024. These investments include the acquisition of Taqa Morocco Wind Corporation and the scheduled review of unit 6, along with various projects related to operations and maintenance.
The group’s net debt increased to 5.852 billion dirhams compared to 4.649 billion a year prior, in line with the evolution of cash flows and debt repayments.
At the same time, Taqa Morocco continues to implement its diversification strategy. By 2030, the group aims to achieve a total capacity of 8,696 megawatts, including up to 1,800 megawatts of flexible and low-carbon capacities, 4,840 megawatts of renewable energy, as well as a desalination capacity of 900 million cubic meters and a water transport infrastructure of 800 million cubic meters, in addition to 1,400 kilometers of power lines to transmit 3,000 megawatts of green energy.
