Morocco: Green bonds line up for solar projects

In the run-up to the COP22 conference in Marrakech, Moroccan Agency for Sustainable Energy (Masen) head Mustapha Bakkoury announced the issue of MD1.15bn ($118m) of ‘green bonds’, to be purchased by local institutional investors supported by a Treasury guarantee. This was among a number of instruments Morocco unveiled during COP22 to help finance its ambitious renewable energy and energy efficiency programmes – and underline its status as one of the continent’s most innovative players.