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GCF GEFF III - BMCI

Sector: Solar • Location: Morocco

Source: European Bank for Reconstruction and Development (EBRD)

Project
Signed

Provision of a senior unsecured loan of up to EUR 35 million in favour of Banque Marocaine pour le Commerce et l'Industrie ("BMCI"), as part of a EUR 65m "GEFF +" Package (including also a EUR 30 million MidGEFF loan). Up to EUR 1.75 million is expected to be co-financed by the Green Climate Fund ("GCF") and a comprehensive incentive grants and technical assistance package will be funded by the Eu

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The project “GCF GEFF III - BMCI” is an infrastructure initiative in the Solar sector, located in Morocco. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Description

Description

Provision of a senior unsecured loan of up to EUR 35 million in favour of Banque Marocaine pour le Commerce et l'Industrie ("BMCI"), as part of a EUR 65m "GEFF +" Package (including also a EUR 30 million MidGEFF loan). Up to EUR 1.75 million is expected to be co-financed by the Green Climate Fund ("GCF") and a comprehensive incentive grants and technical assistance package will be funded by the European Union, as part of the Morocco Decarbonisation and Climate Resilience Programme ("MDCR"), as well as the GCF. The proceeds of the loan will be used by BMCI for on-lending to private companies to finance their climate change mitigation and adaptation investments in a gender-responsive way.

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High

Data quality score

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