Morocco Sustainable Energy Efficiency Financing (MorSEFF) Programme
EUR 110 million credit line facility was developed by the EBRD, supported by the European Union (EU) and launched in 2015 in cooperation with the European Investment Bank (EIB), the Agence Française de Développement (AFD), and the Kreditanstalt für Wiederaufbau (KfW)
The facility, through local partner financial institutions funded 257 sustainable energy projects in the private sector, small and medium sized businesses and corporates in Morocco. Investments were used for stand-alone small scale renewable energy projects, commercial energy efficiency investments, building sector energy efficiency and/or renewable energy investments.
Overall, the facility’s investments in projects have contributed to saving more than 284,079 MWh of energy and more than 87,275 tones of CO2 emissions per year.
Loans were provided by 2 participating financial institution groups: Bank of Africa-Groupe BMCE and its leasing affiliate Maghrebail, and Group Banques Populaires and its leasing affiliate Maroc Leasing.
Comprehensive technical assistance, funded by the European Union Neighbourhood Facility EU NIF and by the EBRD Southern and Eastern Mediterranean (SEMED) Multi-Donor Account provided Advisory services to partner financial institutions and included training, capacity building, marketing support, support in the design of the lending product and the successful implementation of the facility. In case of sub-borrowers, the advisory services focused on energy assessments, selecting the best technical solutions and supporting implementation of their projects.
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