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TunisiaEBRD and UfM launch programme to support private renewable energy in North Africa and Middle East
November 15, 2016
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The European Bank for Reconstruction and Development (EBRD) and the Union for the Mediterranean (UfM) launched a joint programme aimed at the development of private renewable energy markets in Egypt, Jordan, Morocco and Tunisia.
The SEMED Private Renewable Energy Framework (SPREF), a EUR 227.5 million financing framework, was presented during the EU Energy Day at the COP22 international climate conference in Marrakesh.
The programme will help the region reduce its heavy dependency on imports of hydrocarbons. It aims to mobilise additional investment from other parties of up to EUR 834 million. Financing will be accompanied by targeted technical cooperation support for the implementation of renewable energy projects in the region that aim to prevent 780,000 tonnes of CO2 emissions annually.
SPREF falls under the umbrella of the UfM Regional Dialogue Platform on Renewable Energy and Energy Efficiency, launched on the same day with the aim of promoting the deployment of renewable energy and energy efficiency measures in energy generation, transmission, distribution and end use. The first project under the SPREF programme is the 120 MW Khalladi windfarm near Tangiers, in Morocco, one of the first private renewable energy projects in the country.
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Countries covered:
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Egypt
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Jordan
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Morocco
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Tunisia
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