Morocco Gets First Green Bonds for Renewables

With COP22 well underway in Morocco, the north African's Agency for Solar Energy (MASEN) has confirmed the country’s first green bonds for renewable energy, Reuters reported.

According to PV Magazine, the bond issue, which MASEN is leading with $100 million bond for three solar projects, will form part of the Noor 170MW solar plant dubbed Noor PV 1, which will consist mainly of concentrated solar thermal power (CSP).

“The issuance of the green bonds amounts to 1.15 billion dirhams ($118 million), and will fund the solar PV projects in Laayoune, Boujdour and Ouarzazate.

https://www.esi-africa.com/news/cop22-welcomes-moroccos-first-green-bonds-renewables/

Neil Palmer/CIAT

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