| Project Detail |
Location:
Morocco
Project number:
55385
Business sector:
Financial institutions
Notice type:
Private
Environmental category:
FI
Approval date:
11 Dec 2024
Status:
Concept Reviewed
English-language PSD published:
04 Nov 2024
Provision of up to EUR 250 million in senior loans to leading Partner Financial institutions (PFIs) in Morocco for on-lending to mid-caps and large corporates under the medium-sized Green Economy Financing Facility (MidGEFF). Up to EUR 20 million of concessional loan will be co-financed by HIPCA Canada.
Project Objectives
The purpose of the Project is to enable the PFIs to accelerate and scale up the financing of mid-sized green investments (above EUR 5 million per sub-project) in Morocco. The use of proceeds will be directed towards renewable energy, industrial energy efficiency, green buildings, waste-to-energy, climate adaptation and circular economy projects. Renewable energy sub-projects will be capped at 20MW of installed capacity and non-renewable energy sub-projects will be capped at EUR 15 million.
The Project will facilitate the transfer of skills to both PFIs and companies by upgrading environmental standards, building capacity for financing technologically advanced green investments, and supporting the development of expertise to assess the financial viability of mid-sized green investments. |
