Morocco: Green bonds line up for solar projects
In depth
Issue 335
- 24 Nov 2016
| 6 minute read
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.
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