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  • Donec tellus enim, fermentum et sollicitudin
  • Donec tellus enim, fermentum et sollicitudin
  • Donec tellus enim, fermentum et sollicitudin
  • Donec tellus enim, fermentum et sollicitudin
  • Donec tellus enim, fermentum et sollicitudin
  • Donec tellus enim, fermentum et sollicitudin
  • Make the right investment to boost your competitiveness
  • Save at least 20% on your energy bill
  • Get up to 15% incentive back after your investment is complete
  • Get free technical assistance to assess your project
  • Modernize your industry, increase your profitability and competitiveness
  • Retrofit your hotel, reduce your operating costs, and improve your image
MOROCCO SUSTAINABLE ENERGY FINANCING FACILITY

KEY FEATURES

MorSEFF is an 800 million dirhams credit facility dedicated to financing energy efficiency and small-scale renewable energy investments of private companies in Morocco. 

Bank financing, free technical assistance and investment incentives are bundled into one unique package dedicated to financing investments leading to better quality equipment, reduced operating costs and improved competitiveness.

Below is a high-level summary of the key features of MorSEFF.

Eligibility
  • Borrowers: >50% privately-owned companies
  • The cumulative financing limit per borrower/lessee - across all project types/categories and over the entire lifetime of the Facility - is 50 000 000 DH.
  • Technical criteria: Investments leading to at least 20% energy savings (30% for commercial buildings) or at least 20% CO2 emission reductions or installation of stand-alone small-scale renewable energy (RE) technologies (electricity production of at least 2 kWh/year per 1 EUR invested).
  • Project must be financially viable
Small-Scale Projects (LEME-based Investments)
  • Up to 100% of investment cost subject to decision by the participating bank 
  • Loans / leases of up to 3 000 000 DH for the purchase and installation of pre-qualified equipment included in the List of Eligible Materials and Equipment (LEME) and using a qualified supplier (manufacturer, distributor, or installer) from the List of Eligible Suppliers and Installers (LESI)
Large or More Complex Projects (Assisted Investments)
  • Up to 100% of investment cost subject to decision by the participating bank
  • Loans of up to 50 000 000 DH / Leases of up to 10 000 000 DH
  • Maximum project size : 150 000 000 DH
  • Investments requiring a more thorough technical and financial assessment with evaluation and implementation support from the Project Consultant
  Commercial Construction Projects 
  • Up to 30% of construction cost excluding land subject to decision by the participating bank
  • Loan <= 45 000 000 DH for a maximum project size  of 150 000 000 DH excluding land
  • Investments based on LEME equipment solely, although requiring a more thorough technical and financial assessment with evaluation and implementation support from the Project Consultant
  • Must meet the requirements of the Building Code with respect to new buildings' envelope (insulation, windows…) and the use of efficient lighting and solar water heaters. 
Loans to Suppliers of EE and RE Equipment
  • Loans of up to 10 000 000 DH used for distribution and production capacity expansion
Incentives
  • 10% of lease / loan amount under MorSEFF
  • 15% for co- & tri-generation and RE projects with electricity production > 2 kWh/year per 1 EUR invested
  • Subject to verification of project completion
  • No incentives for Supplier Loans
Free-of-charge technical assistance
  • Loan application support provided to participating banks
  • Project assessment & monitoring of implementation from Project Consultant
  • Verification of project implementation by Verification Consultant

ABOUT MORSEFF

MorSEFF is an 800 million dirhams* credit facility dedicated to financing energy efficiency and small-scale renewable energy investments of private companies in Morocco.

Bank financing, free technical assistance and investment incentives are bundled into one unique package dedicated to financing investments leading to better quality equipment, reduced operating costs and improved competitiveness.

Developed by the European Bank for Reconstruction and Development (EBRD), in cooperation with the European Investment Bank (EIB), the Agence Française de Développement (AFD), and the Kreditanstalt für Wiederaufbau (KfW), MorSEFF provides to prospective borrowers:

  • Financing of up to 3 000 000 DH for small-scale projects available through a pre-approved List of Eligible Materials and Equipment (LEME) and of up to 50 000 000 DH for larger or more complex investment projects.
  • Investment incentives of 10% or 15% of financing amount funded by grants from the EU Neighbourhood Investment Facility (EU NIF).
  • Free-of-charge technical assistance for project assessment and implementation by a dedicated Project Consultant, and verification of projects post-implementation by a Verification Consultant; both funded by grants from the EU NIF and the SEMED Multi-Donor Account.
  • Local distribution through Moroccan Participating Banks.

* The facility amount is exactly equal to 80 million EUR. For simplicity, all amounts used herein are rounded to their approximate value in DH.

First introduced in 2006, Sustainable Energy Financing Facilities (SEFFs) part of the EBRD's Sustainable Energy Initiative, have been successfully rolled out in more than 20 countries through 85 local partner financial institutions. To date, 2.5 billion EUR have been disbursed to close to 55,000 clients.

Launched in 2008, the EU NIF is an innovative financial instrument of the European Neighbourhood Policy. Its primary objective is to finance key infrastructure projects with a mixture of grants and loans as well as to support private sector development in the Neighbourhood region.

STAKEHOLDERS

The following diagramme illustrates MorSEFF's basic structure and stakeholders:

  • EBRD, EIB, KfW and AFD provide credit lines to local partner banks for on-lending to companies for sustainable energy investments.
  • 10% or 15% investment incentives funded by grants from the EU NIF are provided to potential borrowers after project implementation and verification.
  • Technical assistance is funded by the EU NIF and the SEMED Multi-Donor Account

Small Scale Financing

Fast-track loan or lease of up to 3 000 000 DH + vast choice of automatically qualified equipment on LEME database + 10% cash-back incentive after installation

 

Larger/More Complex Investment Financing

Loan up to 50 000 000 DH / Lease up to 10 000 000 DH + free technical assistance through implementation + 10% or 15% incentive post-verification

SEMED Multidonor account

Participating Banks

News

Equipment and Supplier Registration in LEME/LESI