Morocco
The Khalladi wind farm is the EBRD’s first private renewable project financed in the country
A plastic bag producer in Morocco says it expects to slash its annual electricity bill by 12% as a result of installing solar panels on the roof of its factory. Multisac, which primarily produces woven polypropylene bags for the agriculture industry, hopes the renewable technology will produce around 689MWh of clean power each year, reducing […]
A new green bond in Morocco aims to promote and support investments in a range of renewable energy projects. The issuance by Banque Centrale Populaire (BCP), one of Morocco’s largest banking groups, has already received investments of €100 million (£87.9m) and €35 million (£30.8m) from World Bank Group member IFC and private sector financing group Proparco respectively. The […]
Three banks are providing €35 million (£30.15m) to help improve energy efficiency measures in Morocco. The money will help small and medium sized businesses implement green projects, as well as being used to offer sustainable energy incentives. Some of the money will also support large construction and energy firms. The European Bank for Reconstruction and Development (EBRD), the Agence Française de […]
The first phase of the world’s largest concentrated solar power (CSP) plant has been launched in Morocco. When fully operational, the three-plant Noor-Ouarzazate CSP complex will have a capacity of more than 500MW. That’s enough electricity to power 1.1 million households. The International Energy Agency estimates up to 11% of the world’s power generation could […]
The World Bank has approved a new $300 million (£202m) loan to support Morocco’s green growth strategy. The Development Policy Loan (DPL) backs the country’s efforts to meet its energy challenges by developing the renewable market, energy efficiency regulation in the building sector and removing fossil fuel subsidies. The latter is expected to result in […]
Morocco will receive an investment worth €35 million (£24.8m) to boost the hydropower sector in the country. The Office National de l’Electricite et de l’Eau Potable (ONEE) will use the cash to finance 12 small and medium-sized hydro plants. The improvements aim to extend the life of the facilities and increase their energy efficiency. According to […]
Morocco is receiving €80 million (£50.4m) to boost sustainability in the country. The cash comes from the ‘Morocco Sustainable Energy Financing Facility’ programme created by the European Bank for Reconstruction and Development (EBRD) with four international institutions from the EU, France, Germany and Morocco. It aims to promote energy efficiency and renewable energy technologies, raise […]
A £96m project will promote cleaner and more efficient energy in Morocco. The Clean and Efficient Energy Project will be co-financed by a US$125 million (£80m) World Bank loan and a US$23.95 million (£16m) loan from a global initiative, the Clean Technology Fund. It will support Morocco’s state-owned electricity and water company Office National de l’Electricité […]
The International Energy Agency (IEA) is calling on Morocco to reinforce its current energy efficiency strategy through “clear regulation and incentives”. In its latest in-depth review of the nation’s energy strategy, it is also urging the nation to maintain recent progress in reducing fossil fuel subsidies and believes it has “impressive” potential in both wind […]
