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TunisiaEBRD and Morocco promote decarbonisation of the electricity sector
The European Bank for Reconstruction and Development (EBRD) and the Ministry of Energy Transition and Sustainable Development (METSD) are joining forces to accelerate the decarbonisation of the electricity sector in Morocco.
In a Memorandum of Understanding – signed in Marrakech, the Bank and the METSD agreed to deepen their cooperation to help move Morocco’s green energy transition forward.
Cooperation will focus on accelerating renewable energy deployment, strengthening the electricity network, rolling out energy efficiency solutions across sectors and developing an open and well-functioning electricity market.
As part of this MoU, the EBRD and METSD will support Morocco’s public power utility, the Office National de l’Electricité et de l’Eau potable (ONEE), in its decarbonisation efforts, as well as strengthen ONEE’s resilience, notably through implementation of Law 48-15 on electricity market regulation. Joint work will cover a number of common long-term strategic interests, including putting in place a carbon neutral trajectory and gradually phasing out fossil fuel assets over the next decades.
Countries covered:
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Morocco
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