Latest news with #YNNAGroup
Morocco World
19-06-2025
- Business
- Morocco World
YNNA Group, AMEA Power to Develop 100-Megawatt Wind Farm in Laayoune
Rabat – Moroccan industrial company YNNA Group, and subsidiary of Emirati conglomerate Al Nowais Investments, AMEA Power, announced a joint agreement to develop a 100-megawatt wind farm in Morocco's Laayoune. The power plant's construction is set to begin by the end of 2025, with operations scheduled to start in 2027. The power plant is expected to prevent over 330,000 tons of CO2 emissions annually. A joint statement released today from the groups said that the joint venture stems from a shared ambition to contribute to Morocco's national energy transition strategy and support the country's goals in decarbonization and energy sovereignty. CEO of YNNA Group, Mama Tajmouati, said the partnership marks a decisive turning point for YNNA, reflecting the group's commitment to building a competitive, sovereign, and low-carbon energy model to serve Morocco and the two subsidiaries. 'This is a tangible step toward a sustainable future aligned with the Kingdom's ambitions,' the groups said. Chairman of AMEA Power, Hussain Al Nowais, also expressed satisfaction with the new partnership, noting that the agreement aims to deliver a major project in Morocco. Describing Morocco as a sister nation to the UAE, AMEA Power chairman stressed that the partnership is fully aligned with the company's commitment to developing sustainable, accessible energy solutions with a strong local impact. 'Morocco is a key market for AMEA Power, and we are determined to expand our footprint here through large-scale investments,' Al Nowais said. Morocco's energy efficiency is the 'second pillar' of Morocco's national energy strategy, Minister of Energy Benali said earlier this year, noting that an estimated 100,000 job opportunities are also expected by 2030. The country also aims to produce 52% of its energy through clean renewable sources by 2030. Tags: morocco on renewable energyRenewable Energy Investment
Morocco World
17-04-2025
- Business
- Morocco World
YNNA Group To Showcase Green Innovations at Morocco's 2025 Agriculture Fair
Rabat – The YNNA Group has announced its participation in the 2025 International Agriculture Show in Meknes (SIAM), taking place between April 21 and 27, with new products designed to support a more resilient and eco-friendly agriculture in Morocco. The group is set to showcase products from four of its subsidiaries: Dimatit, Fibrociment, GPC Papier et Carton, and Afrique Câbles, across a large exhibition space of 300 m². Fibrociment is introducing a new type of panel and sandwich board for fast construction of agricultural buildings. These materials offer both energy efficiency and durability, said YNNA Group in a press release. Meanwhile, GPC Papier & Carton is presenting 100% recyclable agricultural packaging. These come with high-definition digital printing, a first in Africa, making it easier to trace products and enhance branding. Afrique Câbles is focusing on green energy, offering maintenance-free batteries for Euro 6 vehicles and solar GEL batteries that are suited to rural areas. Dimatit aims to support Morocco's 'Generation Green' plan with sustainable irrigation solutions. These aim to help the farming sector move towards more modern, inclusive, and environmentally friendly water management. 'This ambitious participation reflects an industrial strategy focused on innovation, environmental responsibility, and closeness to the needs of the agricultural world,' added the statement. It noted that this participation reflects YNNA's strategy to focus on innovation, eco-responsibility, and closer ties with the agricultural sector in the wake of the challenges Moroccan agriculture is facing. In light of these climate, technology, and economy-related pressures, YNNA's subsidiaries are offering practical solutions, added the statement. 'SIAM is a showcase for our environmental commitment, but also a strong message to the agricultural sector: industry can be a driver of sustainability,' said Sarah Kerroumi, Secretary General of the YNNA Group. The group's goals are clear, Kerroumi added, saying that YNNA aims to 'offer concrete solutions to agricultural challenges while strengthening national industrial and agricultural sovereignty, which depends on innovation, field proximity, and reducing our reliance on imports.'
