Project:Financing energy efficiency and small-scale renewable energy investments for private companies in Morocco.
Key Figures :Successfully implemented the project with the initial EUR 80 million line of financing, and then project was extended twice.
Background:LixCap implemented the Moroccan Sustainable Energy Financing Facility (MorSEFF) to support loans and technical assistance to Moroccan SMEs and local financial institutions. This project enabled the SMEs to adopt energy efficient technologies.
Methods:LixCap provides local project management and administrative services to DAI Europe, Ltd. as Prime Contract to the European Bank for Reconstruction and Development (EBRD). LixCap principals assisted with facilitating the initial closing with a local bank, BMCE, for EUR 20 million to launch the overall EUR 80 million facility.
Results:Since official launch of lending in June 2015, MorSEFF has twice been expanded and extended, from EUR 80 million to EUR 110 million and again to EUR 130 million in 2018. The implementing program consortium, including MorSEFF Project Consultant, DAI Europe Ltd, LixCap and Africa Climate Solutions, was reconfirmed to manage the extension to implement the upcoming Green Economy Financing Facilities (GEFF) for Morocco.