Public Management

Morocco: EU pledges $1.8bln for energy and digital transition

Morocco: EU pledges $1.8bln for energy and digital transition
Monday, 14 February 2022 17:39

Morocco wants to reduce its greenhouse gas emissions by 45.5% by 2030. The country also plans to increase the share of renewable energy to more than 52% by 2025.

The European Commission President Ursula von der Leyen (pictured) has announced an investment of €1.6 billion ($1.8 billion) to support the energy and digital transition in Morocco. The project will run over the next five years. "This is a great opportunity for the green and digital transition. Morocco is a country with which we have built a strategic, close, and solid partnership," she said.

The agreement with the EU makes Morocco the first African nation to benefit from the "Global Gateway" program, which aims to mobilize up to €300 billion between 2021 and 2027 for climate and digital projects.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Cameroon to raise 585 billion CFA on international markets Follows $750 million bond under 1,000 billion CFA target Funds to clear arrears,...
Breadfast secures $50 million in pre-Series C funding. Mubadala, SBI and EBRD among investors; EBRD invests up to $10 million. Company...
Kenya launches $500 million Eurobond buyback maturing in 2028 and 2032. Operation financed through issuance of a new longer-dated...
A.P. Moller Capital raised 2.24 billion dirhams ($243 million) for APM Capital Morocco Fund, dedicated to transport and logistics. The fund...
Most Read
01

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...

Three Countries Drove 70% of Africa’s M&A Deal Value in 2025
02

Safran invests €280m to build one of the world's largest landing gear plants in Morocco, crea...

Morocco: Safran Announces $305 Million Investment to Build One of the World's Largest Landing Gear Plants
03

Industrial, jewelry and silverware demand expected to decline in 2026. Physical investment ...

Silver Demand Set to Shrink in 2026, Investment Drives Sixth Deficit
04

This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...

Weekly Health Update | Africa CDC Advances Health Sovereignty Efforts
05

Global South Utilities (GSU) has begun building a 5 MWp hybrid solar plant with 5 MWh battery st...

Chad: GSU Starts Construction of 5 MWp Hybrid Solar Plant in Amdjarass
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.