Morocco: EBRD supports ONEE hydro and regional renewables

The European Bank for Reconstruction and Development (EBRD) has confirmed its support for the rehabilitation of small and medium-sized hydroelectric power plants (HEPs) operated by state utility Office National de l’Electricité et de l’Eau Potable (ONEE), and has launched a $250m fund to invest in private sector renewable energy schemes in its Southern and Eastern Mediterranean (Semed) region. The first projects to be financed from this line are expected to include the 120MW Khalladi wind farm near Tangier.