EBRD, AfD and EIB strengthen small-scale renewable energy.
The European Bank for Reconstruction and Development (EBRD), the Agence Française de Développement (AFD) and the European Investment Bank (EIB) are teaming up to further strengthen sustainable energy measures in Morocco, with the support of the European Union Neighbourhood Investment Facility (EU NIF). The three financial institutions are providing a €35 million financing facility to Banque Centrale Populaire (BCP).
The finance line is the fourth under the Morocco Sustainable Energy Financing Facility (MorSEFF), a comprehensive programme for sustainable energy investments through financial institutions.
This EBRD-led facility is dedicated to financing energy efficiency and small-scale renewable energy investments. BCP will on-lend to small and medium-sized enterprises (SMEs) and corporates in the commercial and industrial sectors, including commercial construction and energy service companies.
[Photo by flckd | Flickr]