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Power and Infrastructure Finance in Morocco: A Plain Guide

In Morocco, the state agency MASEN develops large renewable projects and the utility ONEE runs the grid and buys power, while the regulator ANRE oversees grid access. Morocco's Noor Ouarzazate solar complex, financed by DFIs and private partners, is one of the best-known energy projects in Africa.

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How is the power sector in Morocco set up?

ONEE (Office National de l'Electricité et de l'Eau Potable) is the national electricity and water utility. MASEN (Moroccan Agency for Sustainable Energy) leads large renewable projects. ANRE is the electricity regulator.

Law 13-09 lets private producers build renewable plants and sell power to large customers over the grid.

Key projects and programmes

These are public, well-documented examples from the sources below. They show how the market works.

  • Noor Ouarzazate, a large solar complex combining concentrated solar power and solar PV, developed by MASEN with private partners and DFIs.
  • Wind farms such as Tarfaya on the Atlantic coast.
  • Private renewable plants selling to industrial customers under Law 13-09.

How are projects financed?

MASEN projects have combined public money, loans from DFIs such as the World Bank, AfDB, EIB, and KfW, and private equity from developers.

Private projects under Law 13-09 depend on the credit of the industrial buyer and on grid access terms set by ANRE.

What should investors, lenders, and off-takers check?

Common checks include:

  • Whether the project is under MASEN, ONEE, or a private Law 13-09 contract.
  • Grid access and transmission fees.
  • The credit of the buyer and the currency of payment.

Where does Vektron Merchants fit?

This guide is public information about Morocco. Vektron Merchants does not look for deals there. Vektron Merchants is a marketing agency for energy, commodities, infrastructure financing and industrial firms. We find buyers, offtakers, lenders and partners for companies in these four industries, and we secure meetings with the people who sign.

Frequently asked questions

What is MASEN?

The Moroccan Agency for Sustainable Energy, the state agency that leads large renewable energy projects in Morocco.

Can private companies in Morocco sell renewable power directly to customers?

Yes. Law 13-09 allows private producers to sell renewable power to large customers over the grid, subject to grid access rules.

Sources

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General information, not investment, legal or tax advice. Facts are from the public sources listed and may change.