{"id":9927,"date":"2021-02-17T10:50:34","date_gmt":"2021-02-17T10:50:34","guid":{"rendered":"https:\/\/oilnewskenya.com\/?p=9927"},"modified":"2021-02-17T10:50:34","modified_gmt":"2021-02-17T10:50:34","slug":"morocco-africas-first-super-energy-service-company-gets-965000-grant","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-africas-first-super-energy-service-company-gets-965000-grant\/","title":{"rendered":"MOROCCO: Africa\u2019s first Super Energy Service Company Gets $965,000 Grant"},"content":{"rendered":"<p>The African Development Bank\u2019s Sustainable Energy Fund for Africa (SEFA) \u00a0is providing a $965,000 grant to Morocco\u2019s Soci\u00e9t\u00e9 d\u2019Ing\u00e9nierie Energ\u00e9tique (SIE), to support its transition into the first Super Energy Service Company (ESCO) initiative in Africa.<\/p>\n<p>\u200b\u201cThis support from the African Development Bank will enable the operationalization of the new SIE as a Super ESCO, thus creating a model well aligned with the needs of the country\u2019s energy efficiency sector,\u201d said Ahmed Baroudi, SIE\u2019s Chief Executive Officer.<\/p>\n<p>Amid growing demand, Morocco aims to meet its energy needs by combining large-scale energy efficiency strategies and renewable energy investments. Super ESCOs are vehicles for channelling funds into public sector energy efficiency investments such as hospitals, schools, and street lighting, laying the foundation for private investment later in the commercial and industrial sectors.<\/p>\n<p>As a Super ESCO, the SIE should be able to overcome many of the challenges in scaling up energy efficiency investments. It will also open market opportunities for local ESCOs, offer quality assurance support and build their reputation among end-users and investors.<\/p>\n<p>The grant will provide SIE with operational tools to develop a pipeline of bankable energy efficiency investment projects, said Brice Mikponhoue, Officer in Charge at the North Africa Regional Development and Business Delivery Office of the African Development Bank.<\/p>\n<p>\u201cThe implementation of Super ESCOs on the continent will gradually contribute to the expansion and strengthening of the energy efficiency financing ecosystem. The African Development Bank is proud to support the first Super ESCO in Africa and looks forward to supporting further projects in the future,\u201d said Jalel Chabchoub, Chief Investment Officer and Energy Efficiency Specialist in the Department of Renewable Energy and Energy Efficiency at the African Development Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The African Development Bank\u2019s Sustainable Energy Fund for Africa (SEFA) \u00a0is providing a $965,000 grant to Morocco\u2019s Soci\u00e9t\u00e9 d\u2019Ing\u00e9nierie Energ\u00e9tique (SIE), to support its transition into the first Super Energy &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/morocco-africas-first-super-energy-service-company-gets-965000-grant\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":9928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,4746,11],"tags":[80,9060,1629,5665,9058,9059,5664],"class_list":["post-9927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-renewables-2","category-top-news","tag-african-development-bank","tag-esco","tag-morocco","tag-sefa","tag-societe-dingenierie-energetique","tag-super-energy-service-company","tag-sustainable-energy-fund-for-africa","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/a4b065127f02c77095065abb1fe64ed1.png?fit=600%2C497&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2A7","jetpack-related-posts":[{"id":12732,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-afdbs-sustainable-energy-africa-fund-for-africa-provides-2-5-million-to-increase-penetration-of-renewable-energy\/","url_meta":{"origin":9927,"position":0},"title":"Mozambique: AfDB&#8217;s Sustainable Energy Africa Fund for Africa Provides $2.5 Million to Increase Penetration of Renewable Energy","author":"","date":"October 14, 2022","format":false,"excerpt":"The Board of Directors of the African Development Bank (AfDB) has approved a grant of a grant of $2.5 million to the Mozambican government to develop renewable energy resources. The grant, from the Sustainable Energy Fund for Africa (SEFA), administered by the Bank, will be used to implement the Mozambique\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/10\/Floating-solar-power.jpeg?fit=780%2C490&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/10\/Floating-solar-power.jpeg?fit=780%2C490&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/10\/Floating-solar-power.jpeg?fit=780%2C490&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/10\/Floating-solar-power.jpeg?fit=780%2C490&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11539,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-afdbs-sefa-to-provide-1-million-in-support-energy-transition-regulatory-policy-framework\/","url_meta":{"origin":9927,"position":1},"title":"BOTSWANA: AfDB\u2019s SEFA to Provide $1 million in Support Energy Transition Regulatory &#038; Policy Framework","author":"","date":"January 7, 2022","format":false,"excerpt":"The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a $1 million grant to facilitate Botswana\u2019s transition to clean energy. The technical assistance project supports the Government of Botswana in closing critical gaps in policy, regulatory and legal frameworks, which were identified at the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":9585,"url":"https:\/\/www.oilnewskenya.com\/index.php\/african-development-bank-approves-7-million-in-sustainable-energy-fund-for-africa-sefa-technical-assistance-to-transform-mini-grid-investment-in-africa\/","url_meta":{"origin":9927,"position":2},"title":"African Development Bank approves $7 million in Sustainable Energy Fund for Africa (SEFA) Technical Assistance to Transform Mini-grid Investment in Africa","author":"","date":"December 19, 2020","format":false,"excerpt":"The\u00a0 African Development Bank\u00a0have approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative to meet the needs of the continent\u2019s fast-evolving renewable mini-grid industry. The Africa Mini-Grid Market Acceleration Programme (AMAP), which aims to\u00a0boost energy access\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/11\/power-lines.jpg?fit=810%2C456&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/11\/power-lines.jpg?fit=810%2C456&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/11\/power-lines.jpg?fit=810%2C456&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/11\/power-lines.jpg?fit=810%2C456&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12010,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africagogreen-fund-receives-over-30m-investments-from-the-afdb-the-sefa-and-the-nordic-development-fund\/","url_meta":{"origin":9927,"position":3},"title":"AfricaGoGreen Fund receives over $30M investments from the AfDB, the SEFA, and the Nordic Development Fund","author":"","date":"March 11, 2022","format":false,"excerpt":"The African Development Bank and the Bank\u2019s Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20 million in the AfricaGoGreen Fund, a debt fund established to promote private investments in energy-efficient technologies and business models, with the objective of decarbonising African economies and accelerating the energy\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/green-hydrogen.jpg?fit=1200%2C594&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/green-hydrogen.jpg?fit=1200%2C594&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/green-hydrogen.jpg?fit=1200%2C594&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/green-hydrogen.jpg?fit=1200%2C594&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/green-hydrogen.jpg?fit=1200%2C594&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":14214,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mauritania-over-289m-in-financing-to-develop-solar-power-generation-transmission-accelerate-energy-transition\/","url_meta":{"origin":9927,"position":4},"title":"MAURITANIA: Over $289M in Financing to Develop Solar Power Generation, Transmission &#038; Accelerate Energy Transition","author":"","date":"January 31, 2024","format":false,"excerpt":"Mauritania's Minister of Economy and Sustainable Development, Abdessalam Mohamed Saleh, and the African Development Bank's Deputy Managing Director for North Africa, Malinne Blomberg, signed, on Thursday in Nouakchott, financing agreements for two energy sector projects in Mauritania worth a total of US$289.5 million, covering solar power generation, transnational electricity interconnection\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5476,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afdb-approves-100m-to-seed-the-establishment-of-500m-facility-for-energy-inclusion\/","url_meta":{"origin":9927,"position":5},"title":"AfDB approves $100M to seed the establishment of $500M Facility for Energy Inclusion","author":"","date":"December 14, 2016","format":false,"excerpt":"The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 100 million, comprising USD 50 million equity and USD 50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund. The investment, which is expected\u2026","rel":"","context":"In \"AfDB\"","block_context":{"text":"AfDB","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/afdb\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/12\/Energy-Africa.jpg?fit=1200%2C487&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/12\/Energy-Africa.jpg?fit=1200%2C487&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/12\/Energy-Africa.jpg?fit=1200%2C487&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/12\/Energy-Africa.jpg?fit=1200%2C487&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/12\/Energy-Africa.jpg?fit=1200%2C487&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=9927"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9927\/revisions"}],"predecessor-version":[{"id":9929,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9927\/revisions\/9929"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/9928"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=9927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=9927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=9927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}