Financing Renewable Energies
Energy accounts for half the Bank’s commitments, responding to constant growth in national consumption, and it is imported in large measure. In 2018, the Bank released 800 million dirhams for the Aftissat project, south of Laayoune, a project worth 2 billion dirhams in all and generating 201 MW.
Issuing Green Bonds
Projects identified as part of the operation will, with time, enable wind-power production of 1 500 GWh per year, meeting the neds of about 1.8 million inhabitants by avoiding emissions of 17 million tonnes of CO2 over their lifespan. The assessment of projects financed by this issue shows a carbon footprint in 2016 and 2017 of 937 800 t CO2eq / year and 1 101 946.33 t CO2eq / year, respectively.
Assessing the environmental impact of all investment credits
All applications for investment credit must undergo an environmental-risk assessment before being examined by the Credit Committee. The most polluting projects undergo close monitoring by the Bank’s teams through reports, field visits, and interviews.
Towards greater energy efficiency in businesses
The Bank has set up a complete arrangement to support SMEs in their energy-efficiency initiative:• simplifying access to energy audits by financing an addition to the grant offered by Moussanada Efficacité Énergétique de Maroc PME;
• financing arrangements that are tailored to each case, with the option to have recourse to investment funds;
• application fees waived for financing investments relating to energy efficiency and renewable energies;
• the ECOENERGY INVEST tailor-made financing offer, with a grant of 10 to 15% of the loan and free technical assistance.
