In Morocco, where expensive imported fossil fuels satisfy 97% of its energy demands, the development of renewable energy and energy efficiency is a national priority. The country seeks to exploit its vast wind and solar resources.
Source: World Bank
In line with its national energy strategy that seeks to increase wind and solar power generation capacity by 2,000 MW each by 2020, Morocco is investing $150 million from the CTF to expand wind and solar photovoltaics (PV) development.
CTF concessional financing is contributing to 1,070 MW in new wind power capacity, and helping to establish the infrastructure needed to make wind energy commercially viable. It is also supporting the deployment of the first mid-size solar PV plants in the country for 75-100 MW total and expected to pave the way for solar PV penetration nationwide.
In 2006, 94% of total energy was produced from fossil fuels
|NAME||FUND||FUNDING (USD MILLION)||COFINANCING (USD MILLION)||MDB|
|Clean and Efficient Energy Project||FUNDClean Technology Fund||COFINANCING (USD MILLION) 23.95||FUNDING (USD MILLION) 134.36||MDBIBRD|
|One Wind Energy Plan||FUNDClean Technology Fund||COFINANCING (USD MILLION) 125.00||FUNDING (USD MILLION) 2263.74||MDBAFDB|
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding . Together they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.